Iron Bridge Finance buys Orlandis Capital

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  • 11/02/2020
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Iron Bridge Finance buys Orlandis Capital
Iron Bridge Finance has bought real estate joint venture provider Orlandis Capital.

 

The London-based property development lender’s majority interest in Orlandis Capital means it will be able to offer both equity and mezzanine financing, chief executive Lance Joseph (pictured, left) said.

The Orlandis management team will retain a shareholding position in the company.

It follows a management buy-out of Orlandis led by boss Andrew Chrysostomou (pictured, right) from Christian Candy’s CPC Group.

Orlandis provides equity funding to the developer market and has invested over £125m in the last 24 months across projects comprising over 2,500 residential units.

Based in Primrose Hill, London, Iron Bridge has been investing its own funds since 2007 to finance residential and mixed-use development projects behind its senior debt partners.

Iron Bridge’s Joseph said: “This is a signal moment for both Iron Bridge and Orlandis.

“Being able to offer both equity and mezzanine, and where appropriate a hybrid of both, is great news for developers. This acquisition is a natural evolution for our business and comes at a time when there is increasing demand for flexible, well-funded solutions behind senior debt.”

Orlandis managing director Chrysostomou added: “In Lance and the team at Iron Bridge Finance, we are joining the best in the industry. The offering of equity and mezzanine is a winning proposition for our collective customer base, and we are well positioned to fill this finance gap.”

 

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