Captima launches structured finance business in Jersey

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Captima launches structured finance business in Jersey

Captima has launched a new structured real estate finance business in Jersey, offering independent financing options for real estate borrowers, investors and developers.

The firm, which was established in the Isle of Man over 10 years ago, is led in Jersey by Mark Watson.

Structuring property finance from under £1 million to up to £500 million, Captima fills a gap in the market for trustees and businesses looking for a wider range of finance options for clients.

Captima celebrated the official launch of its new business with an event attended by finance professionals and clients from Jersey, the Isle of Man, and the UK.

Mark Watson, Managing Director, Captima, said: “After operating successfully in the Isle of Man for many years we were aware of the opportunity for real estate finance in the Channel Islands, and were keen to bring the firm to Jersey. “Our network of lenders and funders is second to none and has been developed and nurtured over many years at the highest levels. This means we can provide a compelling proposition to the Jersey finance sector. We can help Trustees and other professional advisors not only to fulfil fiduciary duties to their clients, but to exceed expectations by being able to provide a wide range of financing alternatives.”

Founded in the Isle of Man in 2008, Captima registered in Jersey in 2018, and has recently moved into its new office space at 44 Esplanade, St Helier. Captima is also one of the newest members of Jersey Finance.

Joe Moynihan, Chief Executive Officer, Jersey Finance, said: “It is my pleasure to welcome Captima to Jersey and am also delighted to welcome Captima as our newest member of Jersey Finance. Over 13,700 people work in financial services in Jersey and the success of our industry depends on continuing to strengthen the breadth and depth of our proposition. “When I first spoke to Mark about his plans to bring Captima here I was impressed by the service on offer. Captima adds to the strength and depth of our financial services ecosystem and I believe the expertise available through Captima will be beneficial for our businesses and for financial services in Jersey.”

Typical projects for Captima include large-scale Build-to-Rent apartment schemes in major UK cities such as Manchester, Leeds, Birmingham, Bristol, London, Edinburgh, and Glasgow. Cap Real Estate, a joint venture with Captima, and based in Central London, offers specialist advisory services for developers and investors in Alternative Residential real estate

Mark said: “We understand what investors and lenders require so we can help our developer clients shape projects at an earlier stage in the planning process. Institutional investors have very specific requirements regarding amenities and unit sizes and so the design must meet the requirements of the investor. “Captima is currently involved in the funding of roughly 40,000 units across the U.K. and we think we are uniquely positioned to present compelling investment opportunities to sophisticated real estate investors.”