Bridging & Commercial have been informed by James Bloom, Chief Executive of Regentsmead, of a recent board meeting concerning their recent growth, additional funds being made available and also how they plan to at least double their loan book over the next year.

These are exciting times for the North London based financier Regentsmead. The award winning principal provider of development finance has seen a 50 per cent growth in its loan book this year so far. This is due to the complete lack of liquidity in the development market and a number of short term lenders disappearing from the radar this year. 

Unlike many other lenders Regentsmead has been a constant presence throughout the last few years and this has helped Regentsmead build up a substantial and loyal broker following. It is vital for brokers and their clients that they build up long term relationships with lenders who are not constantly coming in and out of the market and who are not seeking to consistently change underwriting parameters.

Regentsmead are also proud to have been nominated for the award of Best Specialist Lender at the forthcoming NACFB awards in addition to the award they have already won this year of Best Development Lender of the Year at the Bridging & Commercial Finance Awards.

Regentsmead tends to fund schemes requiring facilities of £100,000 - £1m up to and including the Midlands. They do fund larger deals and these are considered on a case by case basis. Decisions are made in minutes and funds are available in days.

It can now be revealed that at a board meeting last week substantial additional Group funds have been made available to James Bloom the CE and his team for a further substantial expansion of their loan book. The plan is to at least double the loan book in the coming year and there are substantial additional funds available if those targets are reached.

Regentsmead will also be offering over ride commissions to its broker partners, this will be calculated on a quarterly basis and will be based on the value of successful business referred. This will mean that as well as introducers earning their usual 1 per cent per deal which Regentsmead collects for them they will have the opportunity to earn substantial additional sums without any additional work. Repeat fees will continue to be paid and will not be affected by the new over ride payments.

Regentsmead has mainly funded new build projects over the years and although they have funded refurbishments and conversions they are now launching a new product specifically for refurbishment loans in the South East where they will be able to consider lending up to 50 per cent of a purchase and 100 per cent of the refurbishment costs. The same award winning instant and highly personal service will be offered but Regentsmead intends to be far more aggressive in the refurbishment sector due to the increasing demand they have seen for this type of finance.

Regentsmead’s CE James Bloom commented, “We have been growing at a phenomenal rate this year and the measures we are now taking will ensure we can substantially increase our growth rate for the rest of 2011 and into 2012, we are fully committed to the broker market which is why we are looking to pay over rides to the brokers who are passing us substantial business, we feel they should be recognised and rewarded for their contribution to our success.”

Regentsmead also plans to increase its programme of visiting it’s broker partners as this has proved very popular, if you want us to come and see you please call us to make an appointment.

Regentsmead are also interested to hear from people with relevant sales experience and contacts who feel they could add value to Regentsmead’s growing sales team. There are some exciting opportunities for the right people and it is a fantastic time to join this highly successful team.

For further details or for an immediate response for a funding enquiry please contact the team on 020 8952 1414

www.regentsmead.com