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Vaughan joins Brotherton to launch Debt Distribution Business

30 Jan 2019

Property Week - 18th January 2019

Brotherton Real Estate has hired pbb Deutsche Pfandbriefbank’s head of UK syndications Tim Vaughan to launch Brotherton Debt Distribution.

Vaughan will join the property finance adviser as managing director of Brotherton Debt Distribution and head of structuring for debt and equity advisory.

The firm’s new business will manage the syndication process for whole loan providers, from creating information memorandums through to closing.

Brotherton Real Estate co-founder Richard Fine said: “As we have been working increasingly with whole loan providers who want to solely hold the higher-paying junior tranches of the capital structure, we are finding there is increasing need for a specialist senior debt syndication adviser to assist with their sell-down process. Tim is undoubtedly one of the best-connected people in this space.”

Prior to working at pbb Deutsche Pfandbriefbank, Vaughan held senior positions at Deutsche Postbank and Royal Bank of Scotland.

“Increasingly, mezzanine funds are writing whole loans because they can’t find the right opportunities purely in the mezzanine space,” said Vaughan.

“We will allow them to find the most cost-effective partners and use our experience negotiating intercreditors and running the closing process to free up their time to look at new opportunities.”