Patron Capital has completed its first direct-lending deals following the launch of its real estate credit business in 2025. The two loans, totaling £107 million ($142.3 million), comprise an £87 million ($115.7 million) senior refurbishment facility secured against a prime City of London office asset and a £20 million ($26.6 million) senior loan on a U.K. residential portfolio.
The transactions were completed following the appointment of Henry Randolph as partner. Randolph joined from CBRE to oversee Patron’s expansion into real estate credit and the establishment of a Patron Capital Credit SMA. This forms part of Patron’s long-term strategic partnership with Mitsubishi Estate Group’s global real estate investment-management platform, Mitsubishi Estate Global Partners, which provides institutional backing for the firm’s growth into new subsectors. The Credit SMA is a discretionary Patron vehicle, enabling swift execution of new loans.
The first loan is an Â
