The market crash of 2008 radically changed the real estate market. Funding options nosedived, too. The knock-on effect made developers and investors cautious about relying on banks.
Is it any wonder that bankers are now less popular than politicians?
- lack of understanding
- Loss of the personal touch
- Inability to make decisions without layers of bureaucracy
- No guarantees of positive results and complex lending models.
The list is endless, the world of finance has been on an uncomfortable rollercoaster ride.
At Pinnacle, we’ve endured the turbulence with our constant focus on providing a world class service. Where others see complexities, we find the solutions.
We’ve arranged more than a quarter of a billion of development and investment loans for our clients in recent years.
We have total understanding of ‘both sides of the desk’. This allows us to help borrowers in a unique way.
Selective lenders have appointed us as trusted partners to their businesses. The result? We guarantee to deliver a service of excellence to borrowers.
The market is currently vibrant and opportunities for both developments and investment portfolios show little signs of slowing.
The result of the June 2016 Brexit vote has seen a significant shift in lenders attitudes. Added to this, as of January 2017, the regulator PRA have introduced new guidelines regarding the capital that banks and other lenders need to hold on their balance sheets against development loans. This is having a significant effect on costs of funds and has seen rates increase. We are ideally positioned to take advantage of these moving factors and will continue to guide our clients towards the best deals for them.