Paxton private finance seeks to expand bridging operations
Paxton Private Finance is looking to raise £10 million for the second tranche of fundraising for its Paxton Secured Income Fund.
This follows 18 months of operation following a soft launch in April 2011.
To date, the fund’s average aggregate loan-to-value ratio is 53.47% (permitted maximum average LTV: 75%), and the average monthly interest rate is 1.84% (target monthly rate: 1.75%).
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