Ben Jenkinson, managing director at LDS Sales Guarantees

LDS Sales Guarantees partners with Atelier

LDS and Atelier have partnered with the aim of providing enhanced project funding while removing sales risks.

Developers of housing or apartment schemes with a minimum GDV of £5m can apply for a combined senior debt and Sales Guarantee package — accessing up to 95% cost funding.

The partnership also aims to benefit developers through an efficient contracting process, with shared due diligence to save time and cost.

Applications from developers and finance brokers are being accepted immediately.

Martin Gilsenan, chief originations officer at Atelier said: “We are pleased to be collaborating with LDS — their Sales Guarantee solution offers a welcome source of liquidity to SME developers in this challenging market.

“The past year has seen a significant reduction in the amount of available JV equity and this has created particular challenges.

“By working collaboratively with LDS, we can help developers to structure a workable capital stack — we founded our business to provide development finance solutions that SME developers can depend on, and we seek to build partnerships which will help our clients.”

 Ben Jenkinson, managing director at LDS Sales Guarantees (pictured above), also commented: “Atelier shares our passion and determination to improve the lot of SME developers, regardless of market conditions.

“We are therefore delighted to be partnering with them, combining LDS Sales Guarantees and good quality senior debt to accelerate the growth ambitions of developers across England and Wales — building more homes while taking less risk.”

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