Regency Finance - FAQs
Regency Finance customizes its approach for each client, so for project-specific questions please get in touch.
Below, you’ll find answers to general questions about the Regency Finance approach:
Q: What aspects of a project can you assist with?
A: We can offer advice and assistance on any aspect of a project, including:
Q: How is funding usually arranged?
A: After your project’s details have been finalised (including our cost-certainty projections if relevant) and all joint venture partners are satisfied that it is viable, we will present it to the Regency Board and to an appropriate banking partner.
The next step is the development of a Services Agreement between the bank, Regency and you, the developer. This agreement covers all the main elements of the funding and also defines how we will work with you. Once it is properly documented, signed, and sealed, the project can go ahead.
Q: How are your joint venture finance deals structured and what rates of interest apply?
A: Joint Ventures are structured on a 50:50 basis. The rate of interest charged is set by the bank and is usually between 2% and 2.5% over the base rate.
Q: How are the profits divided up?
A: As profits are earned they are accrued as agreed between the project partners – each gets their share at the same time (on completion of the project). Regency does not expect its percentage to be paid off first.
Q: What information do I need to supply you with initially?
A: Regency Finance is waiting to help you – all you have to do is call. When you do, we shall arrange a meeting to discuss all aspects of your proposal.
Q: What is Regency Finance’s cost certainty guarantee?
A: Where Regency Construction carry out all construction work on a project we can offer a “fixed price” contract which means that no extra costs will be incurred on build costs. This “cost certainty” covers above ground costs.
Q: What happens upon completion of a project financed by Regency?
A: We will provide you with a completion statement and a final evaluation of the project. We can also suggest areas for future improvement.