Patron buys Galliford Try mortgage portfolio

Patron Capital has purchased a loan portfolio of 941 shared equity mortgages with an outstanding balance of around £25m from housebuilder Galliford Try. The portfolio, acquired by Patron Capital’s Fund IV, is secured against properties across 101 developments mainly in the south of England. Galliford Try originated most of the loans between 2008 and 2013.

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