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#SQFT 13: Why debt lenders say no to property developers – 8 steps to make funding easier

With every deal appraisal we see at SquareFoot Capital – there is an opportunity for financial engineering; making your deal more profitable or de-risked by correct structuring of a spreadsheet. Typically, this results is easier debt lending and at a lower cost – so more profit to you. Despite the property market being on its […]

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#SQFT 11: Ten things you need to get bank funding in property development

Bank funding is a complex process but necessity in raising debt for any property development deal. The biggest flaw in the marmet is that there is no manner to learn about bank funding other than trial and error. This might mean a few small embarrasments at learning how the  process woks but could mean huge […]

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#SQFT 10: Effective sales and marketing of your development

Experience Sierra Whiskey has sold in the region of 20 properties to date. We have been fortunate enough to break price records on a number of streets in the area that we focus on. This has been in good times and bad and for no specific reason other than our aim to deliver properties that […]

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#SQFT 9: Financial Deal Analysis and how to secure Development Finance

Experience Sierra Whiskey has, to date, been involved in 14 property development deals, which have in turn produced multiple units per deal. In order to do these we have used all possible means of finance. In the early days, this meant residential mortgages and borrowing development funds or doing a Joint Venture with a contractor. […]

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#SQFT 8: Establishing Your Property Company

Experience Over the years, we have set up many property companies which are effectively known as SPVs (Special Purpose Vehicles). Though complicated sounding, this simply means a company set up to hold an asset (in this case a property), and be dissolved on the sale of it. The reason SPVs are preferable is because lenders prefer […]

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#SQFT 6: Applying for and gaining the right planning permissions

Our Experience Over the last 14 years, we have been involved in multiple development projects in Central London – predominantly in Kensington and Chelsea (RBKC) and Hammersmith and Fulham (LBHF). All developments have been relatively straight-forward with regard to planning permissions, so as to reduce risk wherever possible. Such alterations have included side returns, loft extensions […]

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£20,308,750

GDV to date

£970,308

Average acquisition

£1,562,212

Average GDV

£351,115

Average Equity raise per deal

£343,558

Average profit per deal

97.75%

Average ROI on equity

11

Deals completed

8

Currently units in progress