Poll
US firm acquires stake in Step One
Step One Finance has told Loan Talk that it is considering a move into new markets after it successfully completed an equity funding round.
Bravo Fund II, LP operated by PIMCO, a US-based investment management firm, along with Credit Suisse Asset Management’s Securitized Products group and various private investors acquired a minority stake in Step One.
The investment comes not long after the second charge mortgage lender overhauled its product range. Step One told Loan Talk that the investment has meant they have their eye on other opportunities and was considering new markets, but no plans were in place.
“We are very excited to partner with such well-respected asset managers,” Michael Childress, Co-founder and CEO of Step One, stated.
“The new funding will allow Step One to significantly increase its presence in the UK residential second charge mortgage market.”
Step One also told Loan Talk that the new investment would not change its approach to lending criteria as it would remain affordable and produce value for money products.
“This equity round marks the culmination of five years of platform building,” said Jameel Jesani, Co-founder and Director of Step One.
“Step One is backed by multiple major institutional shareholders and has the springboard to enhance its product offering across the specialist UK real estate and consumer credit space, and grow the platform into a premier and innovative multi-product specialist lender.”
I well omega replica watches removed them, in I below. Those companions call fake rolex watches sounded like a bird chirp. Squeezed between the fragmentation omega replica of the basalt is cold crunching sound rolex replica watches of quicksand. Flat slopes gradually, I came to the edge of breitling replica watches the crater, a cement embankment covered with dark brown on top. I ran over to cartier replica watches see the cement, the steel roof covering the top: This is the beginning of replica watches the 22 century dome structure. It would appear that we have longines replica watches come to the right place. From my u boat replica watches current position.