DFT to host virtual roundtable with Avamore on whether abundant capital is finding its way effectively to developers



Next week, Development Finance Today will host its second virtual roundtable in partnership with Avamore Capital.

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The interactive event, which is part of a new series launched this year, will be held on Wednesday 10th March at 11am and moderated by Medianett’s editor, Beth Fisher.

Amit Majithia and Philip Gould, principals at Avamore Capital, will be joined by panellists Alice Williams, director at Pilot Fish; Shiraz Khan, managing director at Hank Zarihs Associates; Dean Brown, managing director at Aureum Finance; and Matthew Yassin, director of structured finance at Arc & Co.

The topic for this event will discuss ‘Is abundant capital finding its way effectively to developers?’ 

Panellists will cover where they are seeing liquidity gaps in the property development sector, current refinance options, and what the main causes are when SME developers are being turned down for funding. 

Registration is open and it is free to attend for all professionals working in the sector. 

The panel will be taking questions during the session and attendees are encouraged to get involved. 

The event will also be available to watch after 10th March on DFT.

Speaking ahead of the event, Amit said: "The lending market has demonstrated a huge amount of resilience and innovation since March 2020 and we know that developers, brokers and service providers have been doing everything in their power to keep things moving. 

“It’s always been important to manage the dynamic between all parties involved in transactions and what has been interesting to see recently is the mismatch between expectations on the investor side and what that translates to on the developer end. 

“It is clear that investors across the board are keen to deploy capital. 

“Conversely, we are noticing slower completions and have received reports that developers are finding it harder to obtain funding. 

“Investigating the bottlenecks is really important so we can understand how we address them and make the most of enthusiastic appetite from both investors and borrowers.”

Dean commented: “Development finance is a strong sector in the current climate with the government supporting construction and development in order to keep the economy going. 

“There is funding available at present, but it is important to ensure that [this] continues and lenders do not restrict terms too heavily which would cause the sector to stall.”

Matthew stated: “With the current demand for housing in the UK and probably the most liquidity in the development market for some time, most are finding their required solution, but there are always others that miss out.”

Alice added: “With a rise in nervousness among developers surrounding the availability of funds for their projects, it’s paramount they’re provided with the comfort that they will be able to obtain the funding they require to continue to undertake future developments. 

“While it proves reassuring to see an abundance of capital available in the market to fund development projects, it’s key to ensure this capital is reaching those who require it.” 

She believes that this is an issue that requires a “holistic approach” across all those working in the real estate finance industry.



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