£125m funding solution launches for residential development SMEs

London-based Hilltop Credit Partners has launched as a specialist funding partner for SME housebuilders across the UK.

Backed by private equity firm Round Hill Capital, Hilltop Credit Partners aims to provide £125 million in lending solutions over the next 12 months to SME developers.

Commenting on the launch, Michael Bickford, founder and CEO of Round Hill Capital, said: “We are delighted to be entering the UK real estate debt market by partnering with the highly experienced management team of Hilltop Credit Partners.

“We are confident that our combined sector and industry knowledge, expertise, industry networks, committed capital and ability to deliver will prove invaluable to proven SME housebuilders in the UK in need of attractive funding solutions to build the significant additional housing that the UK needs.”

Offering individual loans ranging from £3m to £20m, the firm will provide tailored funding solutions for up to 90% loan to cost, designed to help SMEs grow their businesses and meet the increasing demand for affordable housing.

Paul Oberschneider, Founder and CEO of Hilltop Credit Partners, said: “Our joint venture with Round Hill Capital brings together our collective experience and skills to support proven SME housebuilders throughout the UK, and to help promote greater housing supply that is more affordable than what the large housebuilders focus on delivering.

“We look forward to continuing to significantly expand our development lending portfolio diversified across the UK, with a target to deploy in excess of £125 million over the next 12 months.”