As we come towards the end of Q2 of 2022, we thought it a good idea to share some more about what we’ve been doing and concentrate specifically on our Real Estate product offering.

You may have seen our post on socials about the development of 25 New Street which we’ve recently funded, but this isn’t the only project we’re assisting with.

Since the start of the year (and the tail end of 2021) we’ve been supporting many developers in the Channel Islands with a view to doing our part in creating much needed housing stock.

The schemes we currently fund across the Islands will create in excess of 75 new homes for Islanders and these projects range in size and value – from 1 bed apartments through to 5 bed detached houses and everything in between.

Our Real Estate products include bridging finance (pre and post planning), development finance and some longer term secured funding. Our product is flexible and allows for a range of loan profiles including rolled interest and no minimum term. We can provide up to 100% of the total project costs and will provide loan terms to match the development timescale.

Where we differ from some of the more traditional lenders is that we don’t require a large capital input at the outset of a project. We will work with developers and investors and where we believe in the project will come on the journey, from acquisition, through the planning phase and ultimately fund the development through to completion. It’s a solution which allows our clients the knowledge from the outset that they can fund a project to completion and not have to worry about potential re-finance requirements which not only add cost, but also add complexity and avoids the need for constant repetition.

Historically developments on the Islands have been funded by High Street banks who in more recent times have completely closed the door to many people – regardless of track record or strength of the scheme. At Reto we are doing things differently. We underwrite in-house and so in the majority of cases can approve a deal within an hour or so of having received the relevant information. We want to support growth, not obstruct it, and to do this we need to remain true to our values which is to be agile, be able to react swiftly, and to work together with our clients to find suitable solutions for all.

We collaborate with a panel of experts ranging from lawyers, valuers, architects and monitoring surveyors and collaboratively we do our best to deliver the best solution that each deal requires. We can also add real value in all stages of the project and are happy to help where possible.

Look out for more discreet Reto signage and advertising boards on developments around the Islands soon!