Development Finance

Fortwell capital appoints development finance specialists

Wed 10 Aug 2016

Short and medium-term real estate lender Fortwell Capital has appointed two development finance specialists to its senior team. Arthur Jennings is appointed to the newly-created position of head of development finance and Nikos Yerolemou to the position of senior analyst – development finance. Jennings has previously held a number of senior real estate appointments at […]

Regentsmead links up with former All Blacks captain

Fri 5 Aug 2016

Development finance provider Regentsmead is teaming up with former All Black and Cardiff Blues captain Xavier Rush to develop four grade II listed barns in South Wales. Rush, who has completed listed conversions before, trained as a builder before becoming a professional rugby player. The barns are likely to go on the market early next year […]

Regentsmead appoints COO

Tue 2 Aug 2016

Development finance lender Regentsmead has appointed Sam Howard as chief operating officer. Howard joined the company in 2011 after completing an MBA from Said Business School, Oxford and has been a director at the company since 2015. He has a background in property law and managing property portfolios following time spent at Westfield Corp. Howard said […]

UK construction sector shrinking at fastest rate since 2009

Tue 2 Aug 2016

The UK construction industry shrank at the fastest rate in seven years in July following the Brexit vote, according to construction PMI data from Markit/CIPS has revealed. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) inched down to 45.9 in July from 46.0 in June — the lowest reading since June 2009. Commercial work, which accounts […]

CLG Committee to launch housebuilding inquiry

Tue 5 Jul 2016

The Communities and Local Government Committee is launching an inquiry into the capacity of the housebuilding industry which is expected to see it take a closer look at the role of development finance.  The Committee is expected to invite the chief executives of major developers to give evidence and will also look at the role of small and […]

Brokers tied on Brexit decision

Mon 20 Jun 2016

When it comes to brokers the ‘Leave’ and ‘Remain’ campaigns are neck and neck as we move into the final three days before the EU Referendum, a poll from United Trust Bank has found. Over 200 finance brokers operating in the fields of bridging, development finance, asset finance and mortgages were polled last week and 45% said […]

Regentsmead’s Bloom to head up Masthaven dev finance division

Thu 16 Jun 2016

Former Regentsmead chief executive James Bloom has joined the newly authorised Masthaven Bank as managing director of its development finance division. Bloom was at Regentsmead for almost 30-years and created its short-term Lending department before becoming a director and then chief executive. Jon Hall, managing director, Masthaven Bank, said: “It is a very exciting time for Masthaven Bank as […]

Best brokers can win bubbly playing LendInvest Property Pursuit

Tue 14 Jun 2016

Brokers attending the NACFB’s Commercial Finance Expo will have the chance to win champagne by playing LendInvest Property Pursuit. LendInvest, the specialist property finance lender, is one of the headline sponsors of the 2016 NACFB Conference, which takes place on 15th June at the Birmingham NEC. LendInvest Property Pursuit is a brand new, quick-fire board […]

Shawbrook updates STL criteria

Mon 6 Jun 2016

Shawbrook Bank has updated its short-term loan criteria after a feedback campaign conducted with their panel of brokers. Required experience for STL 1-5 has been redefined to be ‘relevant experience’ rather than having to meet a prescriptive standard. Secondly, on STL 6-9 products Shawbrook requires experience in similar projects and had previously requested that this […]

Beyond bridging and into development

Wed 1 Jun 2016

The bridging market is a rather different beast today than it was even just a couple of years ago. The market has enjoyed some great successes, with a vastly improved reputation, and as a result more and more firms have decided to move into short-term property finance. While the market has grown, there is a […]