Downing LLP increases Whitehall Capital's funding line by 50% to fuel growth

24/7/23
5 min
Wholesale finance
News

Downing LLP is pleased to have increased its funding line to Whitehall Capital, a leading provider of bridge and development finance.

Downing has upsized the funding line by 50%. This development will result in a more streamlined borrowing experience, empowering the broker community and real estate investors to seize opportunities swiftly and efficiently, with even greater certainty of funds.

This increased funding line marks a significant milestone in Whitehall Capital and Downing’s joint efforts to meet the evolving needs of businesses seeking financial support. Downing first entered into a funding agreement with Whitehall Capital in 2022 to support its origination activities.

Anthony Bodenstein, Managing Partner at Whitehall, said “This expansion of commitments for Downing’s Wholesale Finance team is a testament to their successful collaboration with key industry players. As traditional lenders continue to pull back from the mid-market space, we see a sizeable opportunity to fill that funding gap and capture additional market share. The fact that we have been able to add additional wholesale funding sources in a time of material market uncertainty speaks to the quality of our underwriting and the strength of our network with brokers and borrowers, whose business we rely on to deploy capital safely.”

Nigel Alexander, Investment Director, Downing commented: “We are delighted to announce the expansion of our funding line with Whitehall Capital. We believe that by strengthening our partnership with Whitehall Capital, we can continue to make a positive impact on the business community, supporting their growth and success.”

Find out more about Downing Wholesale Finance

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Downing LLP is pleased to have increased its funding line to Whitehall Capital, a leading provider of bridge and development finance.

Downing has upsized the funding line by 50%. This development will result in a more streamlined borrowing experience, empowering the broker community and real estate investors to seize opportunities swiftly and efficiently, with even greater certainty of funds.

This increased funding line marks a significant milestone in Whitehall Capital and Downing’s joint efforts to meet the evolving needs of businesses seeking financial support. Downing first entered into a funding agreement with Whitehall Capital in 2022 to support its origination activities.

Anthony Bodenstein, Managing Partner at Whitehall, said “This expansion of commitments for Downing’s Wholesale Finance team is a testament to their successful collaboration with key industry players. As traditional lenders continue to pull back from the mid-market space, we see a sizeable opportunity to fill that funding gap and capture additional market share. The fact that we have been able to add additional wholesale funding sources in a time of material market uncertainty speaks to the quality of our underwriting and the strength of our network with brokers and borrowers, whose business we rely on to deploy capital safely.”

Nigel Alexander, Investment Director, Downing commented: “We are delighted to announce the expansion of our funding line with Whitehall Capital. We believe that by strengthening our partnership with Whitehall Capital, we can continue to make a positive impact on the business community, supporting their growth and success.”

Find out more about Downing Wholesale Finance

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

Downing LLP is pleased to have increased its funding line to Whitehall Capital, a leading provider of bridge and development finance.

Downing has upsized the funding line by 50%. This development will result in a more streamlined borrowing experience, empowering the broker community and real estate investors to seize opportunities swiftly and efficiently, with even greater certainty of funds.

This increased funding line marks a significant milestone in Whitehall Capital and Downing’s joint efforts to meet the evolving needs of businesses seeking financial support. Downing first entered into a funding agreement with Whitehall Capital in 2022 to support its origination activities.

Anthony Bodenstein, Managing Partner at Whitehall, said “This expansion of commitments for Downing’s Wholesale Finance team is a testament to their successful collaboration with key industry players. As traditional lenders continue to pull back from the mid-market space, we see a sizeable opportunity to fill that funding gap and capture additional market share. The fact that we have been able to add additional wholesale funding sources in a time of material market uncertainty speaks to the quality of our underwriting and the strength of our network with brokers and borrowers, whose business we rely on to deploy capital safely.”

Nigel Alexander, Investment Director, Downing commented: “We are delighted to announce the expansion of our funding line with Whitehall Capital. We believe that by strengthening our partnership with Whitehall Capital, we can continue to make a positive impact on the business community, supporting their growth and success.”

Find out more about Downing Wholesale Finance

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Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

Downing LLP is pleased to have increased its funding line to Whitehall Capital, a leading provider of bridge and development finance.

Downing has upsized the funding line by 50%. This development will result in a more streamlined borrowing experience, empowering the broker community and real estate investors to seize opportunities swiftly and efficiently, with even greater certainty of funds.

This increased funding line marks a significant milestone in Whitehall Capital and Downing’s joint efforts to meet the evolving needs of businesses seeking financial support. Downing first entered into a funding agreement with Whitehall Capital in 2022 to support its origination activities.

Anthony Bodenstein, Managing Partner at Whitehall, said “This expansion of commitments for Downing’s Wholesale Finance team is a testament to their successful collaboration with key industry players. As traditional lenders continue to pull back from the mid-market space, we see a sizeable opportunity to fill that funding gap and capture additional market share. The fact that we have been able to add additional wholesale funding sources in a time of material market uncertainty speaks to the quality of our underwriting and the strength of our network with brokers and borrowers, whose business we rely on to deploy capital safely.”

Nigel Alexander, Investment Director, Downing commented: “We are delighted to announce the expansion of our funding line with Whitehall Capital. We believe that by strengthening our partnership with Whitehall Capital, we can continue to make a positive impact on the business community, supporting their growth and success.”

Find out more about Downing Wholesale Finance

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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

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