ALEXANDER PROPERTY FINANCE

 PROPERTY DEVELOPMENT AND INVESTMENT FINANCE

We are specialists in arranging property finance and a member of the National Association of Commercial Finance Brokers.With many years experience in banking and finance we have well established connections with a large number of national and international banks and a variety of other financial institutions.

Development Finance: Our aim is to assist clients in obtaining their required development finance for projects involving houses and apartments, including property conversions and refurbishments.

The new government is moving ahead rapidly to tackle the deficit, reduce costs and maintain international confidence. Their first budget announced on 22nd June appears to have little impact on the property market and reinforces expectations that interest rates will remain low well into the future. From our own viewpoint with a focus on house-building, there has been a gradual improvement in overall market conditions over the past 12 months. There is a shortage of new homes coming to the market. A general lack of development finance from the major lenders has been one of the limiting factors. 

Buyers are looking for homes in established locations and there is a pent up demand for good quality properties. There is a willingness amongst our own lending sources to consider support for suitable new propositions. 

What we do: Our objective is to organise finance relative to either the gross development value or the overall costs for each development scheme. In practice  loans will equate from 50% to 100% of the total site and development costs, including interest roll up. Schemes that are particularly attractive at the moment are those where the developer is experienced, family type houses are to be built and the profit margin equates to 25% or more relative to costs.

On occasion we are able to introduce additional (mezzanine) finance which will top up the principal loan amount.

We are well placed to help in establishing finance so do pick up the telephone ( David on 01491 573609) or email us to explore the possibilities: alexpropertyfinance@btinternet.com

The size of deal considered is normally in the range £200,000 to £10m. although we are quite prepared to act on sums outside those figures.

Commercial Mortgages: We arrange term finance for good quality commercial properties either owner occupied or as pure investment situations.