ALEXANDER PROPERTY FINANCE

Who we are:

We specialise in arranging finance for residential development schemes in England and Wales and are a member of the National Association of Commercial Finance Brokers.

With many years experience in banking and finance we have established connections with banks and financial institutions focused on the property sector.

Our aim is to help property developers in taking forward attractive projects for housing and apartments. This might include property conversions and refurbishments.

There are now fewer banks in the market place prepared to consider development finance. Many of those that continue to be active are likely to be considerably more conservative in their approach than would have been the case a year or two ago. This can mean that developers find it difficult to obtain adequate funding through their usual channels and alternatives are therefore welcomed. Please do pick up the  telephone or email us to explore the possibilities.

What we do:

Our normal objective is to raise high-level loans relative to overall costs for each scheme. In practice this might range from 70% to 100% of total costs, including interest roll up. Clients requirements are presented to our niche lenders and when appropriate to our mezzanine or equity providers as well so that  suitable funding packages are achieved. We are able to introduce Joint Venture partners on occasion.

At present the general economic outlook is for significantly lower interest rates and an easing of credit conditions. This should result in a gradual recovery in demand within the housing market. Indeed, there are many potential home buyers who are currently renting and as they perceive the market to be turning there is likely to be an upturn in the demand for quality new properties. We are here to help our clients in approaching lenders who will support attractive projects for the building of these homes.

The size of deals considered is normally in the range from £1m to £30m although we are quite prepared to act on sums outside those figures. Developers should be able to demonstrate a successful track record.