Sundeep Lakhtaria, Partner at Urban Exposure comments today on the Nationwide House Price data release: “The return of house price growth in the Nationwide index puts the weaker data we have seen in the last few months into question and suggests that the market is not in peril. “Taking just last week as an example, ...
We are a principle provider of Mezzanine Finance for residential development projects. We lend on a broad range of new build and refurbishment projects including residential, mixed use, student accommodation, retirement living and PRS schemes.
We provide finance nationwide with a particular focus on London and the Home Counties. We only partner with developers with established track records. Our minimum loan size is £10m, there is no maximum loan size. Projects should generally fall within a 4 year term or less, though for larger phased schemes there is no term restriction. We can look to provide a whole loan with both the Senior debt and additional Mezzanine Finance within the same facility.
Whilst we prefer schemes with full planning permission, we will lend on schemes requiring enhancements to existing consents, provided we can get comfortable with the planning proposals and associated risk.
We pride ourselves on our industry relationships and aim to be the lender of choice to residential developers. We have extensive in-house development expertise which we use to appraise all aspects of a scheme, adding value as a partner, not just a lender.
We pay introducer fees to intermediaries looking to introduce a client.