ICG-Longbow, which raises capital from institutions and listed vehicles to lend to the commercial property industry, recently raised £800 million to lend on property transactions in the UK.
It believes the market is ripe for investment outside London, where commercial property values have remained largely unscathed throughout the financial downturn.
With values in parts of provincial UK remaining as much as 50% below peak levels, chairman David Hunter is convinced there are good returns in store for those who are prepared to take a long-term view on property investment in Scotland, and hold their funds in properties for up to five years.
Mr Hunter, who formerly headed the property fund at Aberdeen Asset Management, said the company had detected an "investor awakening" in the period since it established the fund in September 2011.
He said: "What we have seen since then is a little bit of a warming up, particularly in the last six to nine months in provincial markets, and that certainly includes the Scottish market.
"And not just the prime office blocks in Edinburgh and Glasgow, which have continued to be in demand, even to international investors, but in slightly less prime assets.
"Not the extreme secondary stuff, that is still not in any great demand. But we have definitely seen an investor awakening for what I would call good assets with a variety of lease terms with an element of risk, good properties one would expect to do well in a normal market."
Mr Hunter described ICG-Longbow's target clients as people who have access to equity and a successful track record in property investment.
Offices, shops and industrial property are the main focus of its investments, though it has also funded deals in student accommodation. Hotels will also come into consideration, as well as some residential properties.
Mr Hunter, who is part of a 17-strong team of surveyors and bankers, said: "I think the people who are understanding this market best are the ones with longer-term perspective.
"They have probably been round the block once or twice. They have seen that values do recover for the right properties. They know what to buy. These are the guys who are currently making hay and they are the people we want to support - people who have got a decent track record. They have also got an ability to do the active management that is required and an ability to have a business plan and stick to it."
As pension fund consultants have noticed the attractive opportunities that "careful lending" to UK property can yield, Mr Hunter said the funding had flowed into ICG-Longbow. This year, it has raised £800m in new capital, which it has split into two pots.
Around £100m was raised in a listed vehicle, which it will use to invest in senior debt (lending up to 65% of a property's value). Half of those funds have already been invested, with the firm in talks to invest the rest.
On the bigger pot of £700m, of which £200m to £250m has been allocated, Mr Hunter said the firm needed to "keep up the pace of investment". He added: "We think the markets are opportune now so we absolutely have to keep our feet on the pedal."