Strata Residential Finance PLC

Contact:

Hugh Colville or Simon Hawley
evolve Fund Services Limited

T: +44 (0)20 7259 1029
T: +44 (0)20 7259 1028
E: hcolville@strataplc.co.uk
E: shawley@strataplc.co.uk
W: www.evolvefs.co.uk

Investor FAO

What is Strata?

Strata is a stand alone business that has been created for the sole purpose of providing mezzanine funding to experienced developers with appropriate residential development schemes in the South of the UK Back to Top

What is the decision making process?

All new development opportunities are reviewed by the Board. Detailed discussions are carried out between Directors of the company and the developer to ensure the experience of the borrower and the key aspects of the project meet Strata's strict criteria. If appropriate, we then visit the site and analyse the financial viability of the scheme, at which stage indicative heads of terms can be issued. We then collate all detailed information required in order for the usual due diligence to be completed and a formal approval of a facility to be granted by the Strata Board. Lawyers are then instructed and we liaise closely with the borrower, the senior debt lender and all professionals to ensure matters proceed expediently to completion of the transaction. Back to Top

What type of type of developments are suitable for consideration by Strata?

Strata operates to provide funding for residential developments located in the South of the UK. Typically, projects will have a total development cost of c£2.5m and upwards and will demonstrate a healthy profit on cost. Back to Top

Does a proposed development need planning permission?

Strata only lends on schemes with detailed planning permission already granted. However, Strata can provide an in principle offer of funding for deals that are conditional on planning being in place at the time of land purchase. Back to Top

What is the term of a typical Strata loan and how is interest charged?

All Strata loans are for a period of twelve months with interest charged on a fixed rate basis. Loans can be repaid at anytime, subject only to a minimum of six months interest being charged. If repayment is made at anytime after six months from drawdown, interest is charged for only the length of time that the loan has been outstanding. Back to Top

Does Strata provide loans for schemes outside the South of the UK?

Strata requires that all loans be in the South of the UK. Back to Top

Do Investors receive a Dividend?

Yes. Anticipated dividends are 7% per annum for 'A' shares (based on a £1.00 Share). Capital growth only 'C' shares do not receive a dividend. Back to Top

What is the timescale for my investment in Strata?

Please contact Strata on 020 7259 1029. The company is currently open for new shareholders.  Back to Top

When can I request an investment withdrawal?

Investors may request a withdrawal, in full or part, on a quarterly basis. Full information is available from Gallium and is included in the Information Memorandum.  Back to Top

What communications are there to Investors?

Trading Statements are sent to shareholders bi-annually. These statements and other Strata literature are available to existing shareholders via the My Investment section of this website (please contact Strata for the password).  Back to Top

Can I buy shares in Strata now?

Yes, the company is open to new shareholders on the 31st March, 30th June, 30th September and 31st December each year. Please contact Strata on 020 7259 1029 for details. Back to Top