"Fairfield have been an ideal capital partner to help make a transformative change to our business. We have found them to be both fair and commercial which has allowed deals to conclude in an efficient and timely manner while also allowing creativity in approaching new opportunities."
- Derek Poppinga, Managing Director Mm Capital
About
ESG
Fairfield Real Estate Finance recognises the importance of ESG (Environment, Social and Governance) and Responsible Investment factors in its lending decisions and activities. We believe that all stakeholders should have an active interest, understanding and responsibility in this area.
As we see ESG principles develop and evolve, we are also developing and evolving our ESG framework and policies for screening and selecting potential debt funding opportunities at deal sourcing, pre-Credit and due diligence stages of loan underwriting, as well as addressing issues through the loan management process.
Given the long-term nature of the built environment and, in particular, the urgent need to address climate change, we believe it is important to incorporate parameters that generate sustainable ESG benefits over the whole life of real estate assets, which will ultimately protect and enhance environmental, social and investment value into the future. A key focus of our existing lending criteria is a focus on funding opportunities that will deliver tangible improvements in environmental and social qualities of real estate.
Beyond our lending activities, we are committed to driving positive change in our local communities. As well as annually organising work experience for local secondary school pupils, our charity committee organises regular events to support local and national charities directly and by encouraging employees in their own personal charitable interests. In addition, our employees now have access to an electric vehicle leasing scheme with a view to reducing personal carbon footprints.
Where We Lend
We will fund property backed businesses with assets located in the United Kingdom and Republic of Ireland.
Debt Parameters
We will look at each proposition on its own merits. We like dealing with experienced property professionals with a desire to grow their business.
We can provide investment and development funding and have specialised in assisting borrowers take back control of their businesses from distressed situations through high LTV debt based on credible business plans.
Our funding is generally not suited to low LTV dry investment deals but is instead an attractive option for those borrowers with lower levels of equity where there are active asset management opportunities that drive forward value creation.
Many mainstream borrowers who have survived, feel stagnated due to lack of acquisition, development or refurbishment capital as cashflow is swept to debt repayment. Our refinancing of existing loans from other providers does allow additional debt for acquisitions and capital spend and we can offer the potential for some cash out to reflect past successes.
Our minimum debt size is £10,000,000 / €10,000,000
Sectors
We like commercial property as a whole and will provide debt across the commercial spectrum. We provide debt funding for investment and development purposes, including residential development. We are less keen on strategic land funding on a standalone basis. We will provide such funding where there is an element of strategic land within a portfolio, but this should account for no more than 20% of portfolio value and is not considered a core activity of the borrower.
Facility Periods
Facility terms are tailored to match the transactional nature of the business plan and are typically 1 to 3 years. We can offer terms of up to 7 years.
Pricing
Our pricing is deal specific and is a mix of a single interest rate on a whole loan together with arrangement and exit fees. In deals with very low equity input we will look to share some of the upside to reflect the higher risk profile. We are happy to discuss your individual requirements.
Testimonials
"We were keen to work with the Fairfield team given their flexibility, commerciality, turnaround times, business support and in depth knowledge of our business aspirations. We had 8 other offers from funders but in the end our previous experience of the Fairfield team was key in our decision to move forward with them. I can recommend them with confidence."
- Pat Kearney, Managing Director Kilmona Holdings