Titlestone, the leading stretched senior debt provider, has been shortlisted in the Financier of the Year category at the prestigious 2016 Property Awards. Chief Executive Robert Orr said “We are delighted that our support for the residential development sector has been recognised by the judging panel. It is a real compliment to all of our Team and follows great feedback from our clients.” The Awards, arranged by Property Week, will culminate in a grand dinner and announcement of the winners at the Grosvenor House, Park Lane on 19th April. Titlestone specialises in providing stretched senior debt to residential developers and has committed more than £1.4bn to over 200 individual projects across Southern England since its launch in 2012.
Titlestone, the leading stretched senior debt provider, once again invited the political broadcaster Andrew Neil to speak at their client breakfast event.
Chief Executive Robert Orr said “Andrew has an incredible breadth of knowledge about the current issues in both economics and politics. He is also able to deliver his views in a straightforward and engaging manner. The client feedback has been really positive.”
Titlestone specialises in providing stretched senior debt to residential developers and has committed more than £1.4bn to over 200 individual projects across Southern England since its launch in 2012.
Titlestone Property Finance, the stretched senior lender, has won the Best Residential Development Funder category in the Real Estate & Property Awards 2015.
Chief Executive, Robert Orr comments: “Since 2012 we have established Titlestone as the leading stretched senior debt provider in the residential market. I am delighted that our highly experienced team and their deserved reputation for delivery has been recognised at the Real Estate and Property Awards”.
Titlestone specialises in providing stretched senior debt to residential developers and has committed more than £1.3bn to over 200 individual projects across Southern England.
Titlestone Property Finance, the residential development funder, is to expand into speculative commercial development funding.
The company, which is one of the leading providers of stretched senior debt in the UK, continues to fund residential schemes under permitted development rights and is expanding into office development within certain areas of London and the South East it believes is undersupplied.
Backed by Oaktree Capital as part of a $3bn European fund, Titlestone has funded over 190 developer clients to date, making up facilities in excess of £1.2bn.
It is now actively looking to fund experienced commercial developers on projects with a maximum loan size of £7.5m, within broadly a 10-mile radius of the M25.
Robert Orr, chief executive of Titlestone, said: “We are looking to fund projects up to a maximum of 55-60% of completed investment value and around 70-75% total costs. With many mainstream lenders unwilling to become involved in speculative commercial projects, developers have found access to funding difficult. We are hoping this new product, backed by our experienced relationship team, will help developers take advantage of the growing demand for new office space.”
Schemes will be mainly offices, but could also include industrial or warehousing. They will typically be new build or refurbishment projects up to 25,000 sq ft.