New entrant to expand into hospitality and healthcare sectors
MELBOURNE: A new entrant is set to expand into the hospitality and healthcare lending sectors.
Mantra Capital is looking to increase its activity into the hospitality and healthcare sectors.
In an exclusive interview, Roger Fenwick, managing director at Mantra Commercial, explained that the boutique commercial finance consultancy firm was looking at more opportunities within hospitality, including hotels, restaurants and pubs.
Roger also revealed it was interested in further expanding into the healthcare market, including the provision of residential care (such as children’s and specialist care homes), in addition to dentists, pharmacies and GPs.
“When you look across the UK banking industry, you’ll find that most of the banks in the UK will have a hotel team and healthcare team, two very prevalent sectors in the UK,” he explained.
Mantra Capital is also looking to increase its “geographical footprint” in the second half of the year.
“There are some geographical conversations happening around how do we build Mantra out into some [other] locations,” Roger said.
He claimed that lenders were looking to return to the prime central London market as a result of the increased certainty and optimism in the industry after the general election.
He also believed there would be opportunities for more collaborations among lenders, similar to the joint deal arranged between Aldermore, Lendhub and Proseed Capital for the conversion of a commercial unit in Canary Wharf.
“…I think there will be opportunities for this type of project as we go forward and I suspect they’ll probably be at the larger end of the market.
“I wouldn’t expect [these types of deals] on smaller residential developments, because … it’s probably not economical for them to work within smaller projects.
