Calvarygate acquires and operates cash-flowing property across the UK and US. Each acquisition feeds the next through a repeatable capital cycle, built for partners who are in this for the long haul.
Every acquisition is modelled against fully-loaded costs — debt service, management, vacancy, licensing, reserves — before it qualifies for the portfolio.
The stability layer. Single-family and small multi-family units let on standard tenancies, underwriting the portfolio's base cash flow and its refinance capacity.
Room-by-room lets in licensed, compliant houses in multiple occupation — 4–5 tenants per property post-renovation, materially higher yield per door than a standard let.
Selected units in high-demand corridors run as short-term lets, capturing rate premiums where local licensing and demand data support it.
Residential is the starting mandate. As portfolio performance and market data support it, scope is structured to expand into commercial and office assets where the numbers show comparable or superior risk-adjusted returns.
Buy, rehabilitate, rent, refinance, repeat — each cycle returns the bulk of deployed capital for redeployment into the next acquisition, compounding the portfolio without a proportional new raise each round.
Acquire below-market or undervalued property matched to target-market underwriting criteria.
Renovate to licensing and letting standard — including HMO compliance where applicable.
Stabilise occupancy and 6–12 months of income history to season the asset for refinance.
Cash-out refinance against the seasoned, post-rehab valuation — returning the bulk of capital deployed.
Redeploy recovered capital into the next acquisition. Portfolio scale compounds; new capital calls shrink over time.
Markets are selected on rental yield, entry price, and regulatory clarity — not familiarity or prestige.
No acquisition proceeds on a listing photo. Each opportunity — however sourced — is run through the same net-cash-flow underwriting standard before it's considered live.
Turnkey HMO specialist based in the North of England, handling sourcing, refurbishment, and management on fully renovated HMO stock.
Manchester-founded property investment specialist (est. 2004) sourcing off-plan and buy-to-let opportunities across UK growth cities.
Local and regional agents across target markets, plus off-market and direct-to-vendor deals identified and evaluated in-house.
Illustrative examples drawn from current market listings — not yet reserved or committed acquisitions.
These entries reflect real, current listings from named sourcing channels, shown to illustrate deal quality and pricing — they are not properties Calvarygate has reserved, put under offer, or committed capital to. Phase labels indicate internal evaluation stage, not a live transaction status. Data loads from deals.json; update it once an actual acquisition is underway.
A joint-venture structure: the capital partner's contribution is placed as equity into acquisitions, not handed over unsecured. Ownership, security, and reporting terms are set per deal before funds move.
Nonso Ndeokwelu began his career in oil and gas in 2006 in business development, rising to Oil & Gas Operations Manager at Taleveras Group by 2017 — managing 2-4 crude oil and gas cargo transactions monthly, ranging $20M-80M each, and leading execution on a term offtake base case for Okono grade crude from NNPC that sustained approximately $75M/month in volumes from 2008-2014.
He went on to found Ubirak Limited, trading oil and gas cargoes averaging $30M per cargo, while delivering service contracts to Chevron Nigeria Limited (CNL) and Shell worth over $3M — including school structures, hospitals, medical intervention programs, and large off-grid power solutions.
Calvarygate applies that same underwriting, counterparty management, and execution discipline to real estate acquisition and operations across the UK and US.
Tell us where you sit and we'll follow up directly. Every enquiry is reviewed personally before any deal terms, structure, or figures are discussed.
For anything outside a direct investment enquiry — sourcing partners, press, or general questions.