The pan-European institutional investor, which focuses on property backed investments, was named victor for backing start-up Optimum Credit – now a leading second-charge mortgage lender in the UK, which completed the first public securitisation of second-charge mortgages by a UK lender since 2004.
Established by a very experienced senior management team, led by Sam Marshall, and backed by Patron Capital, the company wrote its first loan in 2014. The business has since become a market leader in the non-bank mortgage space, with more than 20 percent market share, and lends around £200 million each year.
Keith Breslauer, Managing Director of Patron Capital, told CXM:
“We are thrilled that the faith we placed in the Optimum Credit team back in 2014 has been recognised and we believe that significant growth is yet to come. This was a unique transaction for this asset class and a major achievement for a dedicated team and the loan assets, and further establishes the company as a market leader.”