Launched back in August 2012, offering stretched senior debt loans for residential developers, the lender has enjoyed a wealth of success in becoming synonymous with being able to fund high-ticket deals.
Backed by European investment giant, Oaktree Capital, as part of a $3 billion fund, Titlestone is confident that it will surpass £200 million of lending by the end of 2013.
The lender, an NACFB patron, primarily operates in the whole of Southern England, though will of course consider exceptions in certain circumstances.
Titlestone offers loans up to 70 per cent GDV, on average term lengths of around 20 months - lending anywhere from £1 million to £20 million.
Selling prices for schemes generally under £1,000 per sq ft and no penalties for early repayments, an average loan for Titlestone is thought to be within the region of £5-6 million – a substantial feat for a lender that just surpassed its first birthday.
The Titlestone team, led by Robert Orr, is made up of experienced staff gained from Close Brothers, Investec and Dunbar.
Oaktree Capital is a significant shareholder in the estate agency network Countrywide Plc therefore giving Titlestone a close working relationship with Hamptons International who is part of the Countrywide network.
Recent transactions include:
• Conversion of an office building into 14 apartments in Surrey.
• 8 new build apartments above 4 retail units in Wiltshire.
• 4 new build townhouses and 2 new build apartments above a retail unit in South West London.
• A new build development of 26 private and 14 affordable apartments above office space in London.
• 22 new build private flats plus affordable units in Westminster.
• 6 new build houses and the conversion of an existing property into 4 apartments in a gated development in Surrey.
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