Foresight provides a debt facility of up to £75m to Impact Lending

Foresight Group has provided a senior debt facility of up to £75m to Impact Lending.

Specialist property lender Impact provides senior and mezzanine bridging and development loans up to £10m, primarily to SME residential property developers.

Founded in 2019, by property entrepreneur Robert Whitton and finance professional David Travers, Impact Lending is part of Impact Capital Group, which specialises in real estate, development finance, strategic land purchases, sustainable construction through modular manufacturing and flexible, smart office services.

Foresight has worked with Impact Lending to structure a debt facility to fund the growth of the Company’s lending strategy. This will help to address two key market issues: the UK’s systemic housing shortage and environmental sustainability through the supply of Green Loans to help fund sustainable development.

Oliver Bates, senior private debt manager at Foresight, said: “We are pleased to be partnering with Impact Lending, which sets out to solve two major issues at play in the current market.

“Alongside the highly experienced team at Impact Lending, we look forward to playing a role in addressing the UK’s housing crisis, made more pressing than ever in a post-COVID environment, as well as supporting the Government’s Green Recovery initiative through Green Loans.”

Robert Whitton, founder and group chief executive officer at Impact Capital Group, commented: “Green Loans are a new concept in the finance spectrum, especially within the SME space.

“With our new funding line of up to £75m, our intention is to push our sustainable loans range forward with a view to seeing our green products overtake our traditional loans range in the very near future.

“This forms part of our long-term mission to help address the great emergencies of our time and we are pleased to see the market is really gaining traction in this direction.

“Our collaboration with the team at Foresight is a testament to our ESG commitments and we are excited about the next steps.”

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