Property financiers launch ASK Partners

By James Buckley - Friday, October 20, 2017 9:16

Property financiers Daniel Austin, Doug King and Paul Stevens, have launched ASK Partners, a new real estate finance specialist providing debt and equity financing to support property projects.

ASK Partners brings together a team of individuals with combined experience of over 65 years and who have, to date, written over £2bn of finance. Since starting its operations, ASK Partners has closed seven deals in the last six months.

Predominantly funded by an ultra-high-net-worth family office, ASK Partners has a significant pool of flexible capital, enabling the company to consider all opportunities, without being bound to any particular sector, location or loan type. The team is able to provide a range of funding solutions, including bridging finance, senior loans, mezzanine debt and joint venture equity agreements.

Able to provide funding from £1m to £25m - and in some cases larger ticket sizes - ASK Partners’ deals to date include a senior loan secured against six apartments in a completed development in Mill Hill, a planning loan against three adjoining sites in Watford with a combined plot area of just over an acre, and an acquisition and development loan for a scheme of more than 100 homes in Slough.

Daniel Austin, Chief Executive of ASK Partners, said: “In a market saturated with lenders, our focus is on applying our real estate knowledge to each individual situation, using our flexible capital to create bespoke financial solutions from across the capital structure and for a broad range of ticket sizes.

“We are also able to act quickly: our most recent deal had a turnaround time from agreeing terms to completion of just ten days. The personal approach of our experienced team and our focus on partnership set us apart and, with a selection of deals already under our belt, we are actively looking for more opportunities.”

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