The company — founded by Tal Orly, CEO at Cogress  and corporate finance expert Boaz Zilberman (pictured above) — will provide bespoke funding solutions to SME developers.

Falcon — which will fund deals with GDVs of £10m–50m — has already secured one line of funding, with several partnerships to be revealed in the coming months.

The company is due to complete its first deal in April: a medium-sized housing scheme in a commuter town outside of London.

Cogress and Falcon will be standalone entities, offering terms independent of each other, but they will also collaborate to offer first and second charge terms and provide full capital stack funding solutions delivering up to 90% loan-to-cost.

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Successful loan applicants will be offered terms for first charge and mezzanine financing and can choose to borrow all or part of the capital stack.

“The ability to structure bespoke funding solutions will be Falcon’s biggest point of difference,” said Boaz. 

“The partnership with Cogress means that Falcon can deliver fast decisions, maximising efficiency and minimising operational costs for borrowers, who will no longer need to pay multiple valuation, conveyance and arrangement fees.” 

Boaz is CEO at Falcon.

He will be joined by Cogress’ Jamie Morgan and Cain McKinnon, who will head up the origination and market analysis teams, respectively.

Tal added that he had “huge faith” in the Falcon team. 

“We expect to work even more closely with Falcon so our developers can benefit from open communication and alignment between its first and second charge funders.”