Development finance - is there anyone out there?

23rd November 2011

In difficult times there are great opportunities for those who are able to continue to trade. The current credit squeeze in the development market particularly by the traditional High Street lenders had left a void which specialist lenders have eagerly filled. Specialist lenders are now far more prevalent in the short term finance arena and they are able to provide a far more personal and individual service then the large lending institutions who rely on call centres in India, account numbers and security questions.

As main stream lenders withdraw from the market this leaves a natural void that needs to be filled and be filled it will due to the demand for development finance.

One such lender who is very much in the market to lend is Regentsmead who is able to continue to fund because they are 100% self-funded so have been able to continue to lend all the way through the credit crunch and in the current difficult economic times.

There have been many recent articles in the financial press referring to the lack of development finance available and that this will continue for many years to come, at Regentsmead we completely agree that mainstream lenders will not return to the small/medium size developer market for many years and possibly never given the liquidity problems they have experienced in this sector.

The CE of Regentsmead James Bloom commented, “We have been in funding for nearly 80 years and are fully committed to the smaller end of the development finance market, despite the current difficult economic times we have internally allocated substantial additional funds to grow our existing loan book and we are adding new members to our successful team. We are able to provide decisions in minutes and funds within days and our broker partners and clients enjoy the benefit of this five star service.”

“At Regentsmead we look at cases on an individual basis and do not pigeon hole developers, with our extensive experience and knowledge we are able to evaluate cases within minutes and this means there are no delays for broker partners or clients”.

Regentsmead provides facilities of £100,000 - £1m although larger cases can be considered and we generally lend up to 50% GDV.

All broker fees are collected by Regentsmead for their broker partners and paid at offer stage not at draw down.

In life often one door closes and another one opens, now is a difficult time but actually one of great opportunity if brokers know where to go. The key is to be pro-active contacting your local banks, accountants, solicitors, architects, land agents and builders as they could all help you to generate substantial and immediate income.

If you want to start earning substantial fees contact Regentsmead for an immediate decision on 020 8952 1414 or visit www.regentsmead.com