In 2010 Regentsmead made a decision that they wanted their focus to be on the broker market and felt that it was important to provide support in this area. To that end Regentsmead was very pleased to become a patron of the NACFB which shares many similar views and an ethos with Regentsmead.
This was a major step for Regentsmead and this was the start of a very substantial increase in business introduced via brokers. Regentsmead also started a programme of visiting their key brokers in 2011 and this programme will be expanded in 2012.
The new measures have resulted in a trebling of broker introduced business in 2011 from 2010, this is a fantastic result and is testament to the work Regentsmead has done with its broker partners.
James Bloom comments “We are very pleased to see that our work in the broker community has proved dividends in 2011, we feel we are now an integral part of the broker market for development finance and very much hope we are the preferred option for the brokers who operate in our field. To see such an increase in broker introduced business is a massive bonus for us and the broker partners who work with us.
This is only the start for us and we have recently recruited two external consultants who are helping us in our programme of meeting key brokers to forge and cement relationships. We are incredibly grateful for all the business introduced this year and are looking forward to a very strong 2012”.
One of the consultants Regentsmead have recruited is David Winter who is a very well established commercial broker who certainly knows his way round the broker market. David is an NACFB member and with his excellent contacts and knowledge we are certain this will be a very beneficial move both Regentsmead and David.
Regentsmead are looking to take on several more external consultants in 2012 and if you are interested to join a very successful team who have substantial internal capital at their disposal please call James Bloom on 020 8952 1414.
This year has seen the launch of a very popular refurbishment/conversion product where Regentsmead can now look to lend up to 50% of a purchase and 100% of the costs of work, the take up on this has been excellent and we have seen how popular this has been. We hope this new product will assist brokers in making introductions to us.
Regentsmead always collects the fees for their brokers and these are paid at offer stage so brokers do not have to wait until drawdown to receive their fees. Also repeat fees are paid on every transaction.
We were delighted in 2011 to have retained our title as Best Development Lender of the Year and hopefully this means the broker community recognises the enormous lengths we go to in terms of service. However we never rest on our laurels and know there is further room for improvement as always and we are determined to do even better in 2012.
We are very optimistic about 2012 despite the tough economic times we are in, there are fantastic opportunities for those who have capital available which we certainly have,
For further details please contact the team on 020 8952 1414, www.regentsmead.com