Starfortis
Asset Management
INVESTOR HUB
Gentrified Real Estate
Example Project
INVESTOR INFORMATION
Project Brochure
FROM ACQUISITION TO EXIT
The Property Development Life-Cycle
We adhere to the Royal Institute of British Architects (RIBA) Plan of Work, which defines each stage of this process.
In the example project below, we will walk you through RIBA Stages 3 to 5 of the property development life-cycle.
Our focus here is on the planning, technical design, and construction phases. This section highlights the key activities in each phase.
Explaining how, in partnership with Starfortis, they structure funding to effectively support each stage of the project.
RIBA STAGE 3: PLANNING
Securing Planning Success
We add value by securing change-of-use planning permissions, converting commercial spaces into residential properties.
We focus on buildings with potential for extensions, enhancing the project’s development value and overall returns.
Starting with planning gain maximises equity appreciation early on in the project.
This strategy boosts profit margins and ensures we capture value at the earliest stage of the development lifecycle.
SOMERSET HOUSE
Winning A Planning Consent
- Clear planning objectives inline with council guidelines
- A well-structured execution plan with a competent management team in place
- Located within a council led regeneration and levelling up zone
- Manageable risks and aligned with market demand
- With potential for a significant increase in end value.
PRODUCT:
Starfortis - Equity
- We exchanged on this commercial building located on the high street for £225k
- We put it though planning for 15 apartments with a total investment of £50k plus exchange deposit
- We added a third floor extension and ground floor residential
- When planning was consented the projects Redbook valuation increased to £450k
- Providing £180k equity in the project.
RIBA STAGE 4: TECHNICAL DESIGN
Bringing The Plan To Life
This team assembles the tender pack, allowing us to invite bids from main contractors. Led by our Project Manager and appointed Architect.
This is stage ensures that all design and construction details are fully coordinated before work begins onsite.
We also start unit pre-sales and secure a development facility from an institutional lender.
Our objective at this stage is to successfully replace the Starfortis Bridging Facility before breaking ground, ensuring a seamless transition into construction.
SOMERSET HOUSE
Pre-Construction Works
-
Technical Design Completion:
Engage a professional team to finalise the technical design. -
Apartment Pre-sales:
Begin pre-sales activities for the apartments. -
Main Contractor Appointment:
Select a main contractor through a tender process. -
Development Facility Procurement:
Secure a development facility to refinance and replace the bridging loan.
PRODUCT:
Starfortis - Value Add
- After obtaining planning permission, we proceeded with the asset purchase.
- Starfortis informed the Security Trustee about the impending purchase.
- The Security Trustee then drafted the security instruments.
- Securing a debenture over the project company and a first charge over the asset.
- We then completed the acquisition using a Starfortis Value-Add bridging facility.
RIBA STAGE 5: CONSTRUCTION
Turning Vision Into Reality
Our model focuses on labour-only contracts with our appointed main contractors, allowing us to efficiently manage costs.
To kick-start construction, we leverage a Starfortis Working Capital Loan to purchase essential materials before the initial development facility draw-down.
Additionally, we have access to a Starfortis Mezzanine Facility to navigate potential challenges such as down valuations or slower-than-expected pre-sales, ensuring the project remains on track and fully funded at all times.
SOMERSET HOUSE
Construction Management
- Overseeing the main contractor’s plan of work to ensure smooth project execution.
- Scheduling material deliveries inline with the construction timeline.
- Developing contingency plans to mitigate delays to keep the project on track.
- Collaborating with the Project Monitoring Surveyor to secure timely capital draw-downs.
- Ensuring on-time project delivery within budget while maintaining high-quality finishes throughout.
PRODUCT:
Development Facility
We secured a small working capital loan to fund the initial material purchases, ensuring construction could begin without delay.
Additionally, we successfully sold out all pre-sales within four weeks of launching to market.
This allowed us to utilise exchange deposits to partially fund construction, reducing our reliance on external financing.
As a result, we did not need to draw-down the full development loan, leading to significant savings on interest costs
Whilst maintaining financial flexibility throughout the project.
FUNDING SOLUTIONS FOR EACH STAGE
Partnering with Starfortis for Success
Cash flow is the lifeblood of any property development project, therefore partnering with Starfortis a smart and strategic decision. Their funding solutions provide the flexibility and support needed to keep our projects moving smoothly.
We have our bases covered no matter the challenge, we are confident in our ability to navigate obstacles and stay on track to achieve our development goals.
With a well-structured financial strategy, we ensure seamless project execution from start to finish.
Whether it’s securing a Bridging Facility to purchase an asset, accessing a Mezzanine Facility to manage a surveyors down valuation, or utilising a Working Capital Facility to offset material price increases.
We have the right funding partner in place at every critical stage.
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