"Cementing our strategic partnerships with both Nexus Housing Developments UK and Social Housing Gateway will enable us to expedite our investment into the social housing sector – positively impacting the lives of individuals and families in need across the UK"
- Craig Sheppard - Propifi
Alternative finance specialists, Propifi has announced that it has cemented its strategic partnerships with property developer Nexus Housing Developments UK and housing organisation Social Housing Gateway, to drive continued investment in the affordable housing sector.
Specialists in issuing legally secured first-charge bridging loans to commercial property developers, Propifi is committed to driving the development of the social housing, assisted living and retirement industries throughout the UK.
Since launching the first series of its Senior Secured Bond Program, Propifi has invested tens of millions into the development of affordable housing, while delivering on its promise to provide an 8.1% return to its network of High Net Worth and Sophisticated Investors.
Via its strategic partnerships with both Nexus Developments UK and Social Housing Gateway, Propifi now plans to release an additional £170m for investment in social housing over the next 12 months.
Issued in conjunction with the Government’s pledge to build 500K new homes for affordable living, the Gross Development Value of sites funded through Propifi is forecast to exceed £500m.
Nexus Housing Developments UK will lead on the development and refurbishment all acquired sites, which – on completion – will be managed by the Social Housing Gateway team.
Craig Sheppard, Chief Operating Officer, explained: “Propifi’s lending decisions are made at the Senior Management level and are guided by a “closed bridge” strategy, with a clear focus within the social housing and assisted living sectors.
"Cementing our strategic partnerships with both Nexus Housing Developments UK and Social Housing Gateway will enable us to expedite our investment into the social housing sector – positively impacting the lives of individuals and families in need across the UK through the development and provision of quality, sustainable and affordable housing while enabling us to provide secure and above average returns for our growing network of High Net Worth and sophisticated investors.”
