Laxfield Capital, the debt origination, execution and loan management business, has appointed Daniel Smith as head of origination.
Smith joins from Eurohypo, where he was a managing director, originating and structuring a number of high profile transactions and more recently heading up its UK restructuring unit.
Laxfield Capital, founded in 2008, is a property debt origination and loan management business owned by Adam Slater and Emma Huepfl.
Laxfield Capital has origination mandates from a range of different lenders with different lending criteria. These include Metropolitan Life Insurance Company, Münchener Hypothekenbank eG and, most recently, Cornerstone Real Estate Advisors. The company has been particularly active in the past 18 months with loans under management now exceeding GBP1.1bn for six lenders.
Slater says: “We are excited to be welcoming Dan to our team and his arrival represents another important step forward in the growth of our business. There is a huge opportunity at present, both in terms of funding requirements and new sources of capital attracted by returns available from property secured debt. Dan’s wide range of contacts and extensive structuring experience will help ensure that we cover the whole market and find the best business for all our capital providers.”
Smith says: “The property lending landscape has been through a fundamental change in the past two years, with traditional lenders increasingly being replaced by alternative sources of capital. Adam and Emma have a great track record and an established business, which is strongly placed to react to these changes and maximise opportunities in the current environment. I am looking forward to working with the Laxfield team in order to grow and develop the business further.”
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