Davon was established in 1996 and is a privately-owned boutique finance house specialising in providing mezzanine finance for property development projects across the United Kingdom.
We have built an enviable reputation within the property industry for providing a professional and reliable source of finance. The high level of repeat business within our loan book is testament to the level of service that we provide.
Our experience and understanding of financing a wide range of projects across many locations and product types assist us in providing fast in principle decisions.
Detailed due diligence is carried out quickly and efficiently and once terms are agreed with a borrower funds are allocated ensuring that our commitments can be honoured.
In order to make the process as seamless as possible we share reliance on both the initial valuation and initial monitoring surveyors reports with the senior debt lender. We work with a limited number of solicitors who are specialists in the field of development lending which means that the legal process is fast and efficient.
Through our many years in the business we have built excellent relationships with many of the specialist senior debt lenders in the market and we have in place agreed forms of security documentation with the majority of them which allows our mezzanine lending to work seamlessly with their debt offering.
We are a small and highly experienced team with a proven track record for providing finance to the development industry through all economic cycles. We look forward to welcoming you on board.
Following his eduction had a short period of time working in the family business. The core of this was supplying raw materials to food manufacturers but David’s interest was in the property investment division that had been built form the trading profits generated.
His experience in this sector led him to focus his full attention on the property industry, specifically focusing on structuring of funding for projects. These include residential, commercial and some leisure based schemes and provided a broad base of knowledge and understanding how differing funding structures and options.
David then founded Davon Limited in 1996 and continued to build upon his experience of financing property schemes, with his co-director Chris Hector joining the firm shortly thereafter in 1997.
Since that time David and Chris have continued to build Davon into a highly respected boutique finance house with a focus on providing mezzanine finance to experienced residential developers in the UK.
David has three adult children and a wide range of interests outside of work that include travel, boating and motorsports and has a passion for flying having held his Private Pilots License since 2016.
Chris Hector is a director of Davon Ltd and Davon Investments Ltd. Chris was born in London but was raised and schooled in the Caribbean on the island of St Kitts. Chris attended the University of the West Indies at campuses in Barbados and the Bahamas and graduated with a BSs (Hons) in Management. On leaving university Chris worked for the Tourism Office of St Kitts and Nevis locally and then in senior marketing roles in New York and in London.
Chris joined Davon Ltd in 1997 and performs a variety of roles for the company including financial management, sourcing lending opportunities, preparing credit papers, liaising with the firm’s lawyers and monitoring loans from drawdown to redemption.
Chris is married and his many interest include cycling, running and walking his trusty cocker spaniel sidekick Arthur.
Michelle is the Business Support Executive at Davon Ltd. She has over 18 years Administration and Office Management experience for a variety of small businesses including an American imports company and an Australian logistic products company. Michelle worked for Davon Ltd initially from 2008 until 2010 when she left to have her family. She returned to Davon Ltd in 2014.
Michelle has experience with all aspects of admin including payroll, HR functions, business relationships, logistics and sales. In her role at Davon she also provides accounts and loan management support to the directors.
Michelle and her husband James have three children and in her spare time she enjoys reading, Pilates and Zumba.
GET IN TOUCH
To discuss your funding requirements, get in touch using the contact details below.
Tel: 0118 9783 955