Countries, companies, banks and individuals are all facing problems when trying to raise finance in a highly illiquid marketplace. But, lenders who are not reliant on external funding are still in a strong position to provide the necessary financial assistance for their clients. Long established North London lender, Regentsmead, is one leading example of a company who has successfully weathered the turbulent economic climate whilst maintaining a first class service to the property developers and brokers it supports.

Obtaining decisions from lenders on deals is something which typically takes weeks, if not months. This is not the case when Regentsmead is involved. Nick Warren, Head of Regentsmead’s Lending Division commented: “Time is money and clients have no such luxury when committing to a deal”.

Recently, Regentsmead was contacted by John Harding, a commercial finance broker. John was approached by Antony Antoniou, a developer who was finding it increasingly difficult to obtain funding for a project in Northamptonshire. John phoned Regentsmead on a Monday afternoon at 4pm and after receiving the client’s details, immediate contact was made. The borrower completed the application form before the end of the day and the facility was immediately approved. The client came in the next day to sign the offer letter - all of this took place in less than 24 hours which in today’s market is practically unheard of.

The client purchased a site for £46,000 with full planning for a four bed detached house – build costs of £120,000 with an end value of £300,000. Regentsmead agreed to provide a facility of £120,000 for the build costs.

Antony Antoniou, the borrower, said: "Following several months of dealing with mainstream lenders operating at a snail's pace, I was advised to try Regentsmead who are proficient in all matters regarding the financing of property development projects. My application was processed at lightning speed, with the added benefit of access to experienced advice and support from a professional specialist lender."

John Harding, the commercial finance broker said: “A good day at the office for Regentsmead. Certainly has our vote.”

Nick Warren further added: “Our longstanding commitment to assist developers with immediate decisions and funding has always been of the highest importance. We have seen clients and brokers alike being surprised by the speed of our seamless operation after experiencing difficulties with other lenders. We are a very experienced team lending our own funds and therefore have no external factors to influence the decision making process. There are lucrative transactions available to those who are able to act quickly, and we certainly provide the missing piece of the jigsaw to enable such deals to take place. Speed and service are the fundamental principles that underpin our lending and are welcomed by our clients.”

People are acutely aware that raising monies for a development is challenging but if you know the right source then this is not necessarily a problem. For further information on Regentsmead please contact Nick Warren or one of his colleagues on 020 8952 1414 or visit www.regentsmead.com.