Godwin Capital's USD$100mm Secured Private Credit Offering
Fixed Rate of 12% Annual Yield on Fixed 2-Year-Term*
Issuer Background
- Godwin Capital is the fundraising arm of Godwin Developments, a prominent U.K. property developer and investment firm with $1.5bn in gross development value, as of Dec 2023.
- Godwin Capital has structured this $100mm note with the help of Blue Water Capital, and together have been issuing similar notes to investors globally since 2003, without default.
- Blue Water Capital serves as Godwin Capital’s corporate trustee and is the first lien holder over all of Godwin’s assets (land, real estate and bank accounts), and thus has the fiduciary responsibility to sell off assets to make principal or interest payments if ever necessary.
* Investors of the 2-year note have the option of choosing a yield of 12% p.a. with deferred distribution, or 10% p.a. with semiannual distributions. Minimum investment is $25,000. However, with Godwin’s large pipeline, they can accommodate larger and/or programmatic institutional commitments of $5mm-$10mm or more.
More About Godwin Developments:
- Godwin Developments is a leading and well-respected UK focused regional property development and investment business, developing residential (build-to-rent), commercial, and industrial properties in select regions across the UK.
- Godwin develops for international brands such as McDonald's, KFC, Wendy's, Subway, Starbucks, and Popeye’s, etc. – and includes notable co-investors and strategic partners such as Brookfield Properties and CBRE Investment Management.
- To fully control expenses, Godwin only does ground up development and will typically have 30-40 developments ongoing at any given time
Total AUM is nearly $800mm ( or ~$1.5bn in land/gross development value)
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