Strata Fund Update
Since the successful launch of the Strata Fund in April this year, we have been delighted with the enthusiastic response to the fund by both our clients and our main debt funders.
The key benefits of the funding that can be provided by Strata have been whole heartedly recognised by not only our existing Davon client base, but also the range of senior debt lenders and other property professionals with whom we work.
The strengths of the Strata offering are seen to include:
- A simple and clear structure
- A quick and reliable decision-making process
- The certainty of availability of funds
- The ability to allow developers to substantially increase the return on their own capital
- The ability to assist developers with growing their business by increasing the number of projects they can carry out with the same capital base
We are delighted that since its launch we have already provided loans for projects with a combined GDV of approaching £30 million with a continuous stream of projects under review and progressing through the system.
Most importantly, we are seeing the number of new applicants steadily increasing as companies learn that Strata is now fully active and lending. In addition to the established Davon client base, we are seeing substantial interest generated by many of the senior debt lenders with whom we work who often have clients requiring a higher level of funding than they alone can provide. Together, the package provided by the bank and Strata can often satisfy such requirements.
We are also pleased with the range of projects that have already been lent on and are under review, and it is important to us to see a healthy spread of product type and geographical location within the loan portfolio.
As Funding Adviser to the Strata Fund, we are delighted with the manner in which the fund has commenced operating and with the positive feedback being received from developers and professionals within the property market.
We know that the offering from Strata has enormous benefits to developers and we are confident that with the level of projects under review, the activities of the Strata Fund can continue to grow at the rate required.
Please contact us to discuss in more detail how the Strata Fund may provide part of the financial solution for your project; or, if you would simply like to have a note of the key terms/criteria on which Strata can provide funding, please call or email mail@davonltd.com