The RAW Mortgage Fund, which was launched in May 2015 by RAW Capital Partners has recently passed a £100 million milestone of mortgage loans and assets under management.
The Fund has expanded rapidly in the last 15 months even with the worldwide pandemic thrown into the mix. Since March 2021, the Fund has grown from £80 to £100 million, the team has grown to 18 people and recently moved to new offices on The Grange.
Tim Parkes leads the team based in St Peter Port and has welcomed employees of all types including graduates, part-time term timers, students doing work experience and interns alongside full-time employees offering flexible working opportunities.
Tim explained: “During lockdown RAW Capital Partners took full advantage of remote working and flexible working arrangements for its team which enabled growth and stable employment for the team during unsettling times whilst some had childcare commitments. We have benefitted hugely from supporting quality interns over the last few years and, whilst they have not generally been studying subjects related to financial services, RAW Capital Partners has subsequently benefitted from employing two of them on a full-time basis at the end of their studies.”
Commenting on the recent growth of the team, Tim said “Building the RAW Capital Partners team has been a pleasure with such great colleagues. We have grown from a team of four to eighteen over the last three years and along our journey helped a number of young people begin their careers as well as welcoming home makers back to the workplace – both have helped us build a team with varied skills and an exciting future”
The RAW Mortgage Fund, a little like a Building Society, lends to Guernsey residents for purchase and investment in residential property; to expats and non-UK resident borrowers for investment in UK residential buy to let property. A bridging product was launched in 2020 for Guernsey and UK resident borrowers with shorter term borrowing requirements in mind.
RAW’s mortgage loan book reached a milestone of £100 million lent spread over more than 400 properties. The Fund has had no bad debt in its history and provides a return to investors that has remained very steady, despite the turmoil of the pandemic and a volatile stock market, with Institutional Investor returns of 4.4% over the past 12 months.
Tim added: “Our £100 million milestone marks a key point in our growth story. The RAW Mortgage Fund has attracted a variety of investors seeking the benefits of consistent returns and capital security with local individuals invested alongside local companies, trust company clients and insurance companies. I thank each and every one of them for their support. We look forward to continued growth of our business over the years to come”
