ASK Partners is funded by an ultra-high net worth family office. We can provide a diverse range of funding, including:
We have a fully flexible capital base, which enables us to structure funding across the capital structure. We are able to provide funding from £1m to in excess of £25m.
ASK Partners is not sector specific and will consider residential and commercial transactions in the UK. Our preference is to work with partners on transactions which offer the opportunity to add value. Several of our recent transactions have been on unconditional land, where a value-add opportunity has been identified.
We know every transaction is different and we pride ourselves on creating a tailored funding solution.
Short term bridge finance
Typically 6-18 months
Short term bridge finance is available for up to 95% of the total transaction costs. This is structured as a first charge secured loan with pricing dependent upon the specific transaction and the leverage required.
Senior term debt finance
Typically 12-36 months
Short term debt finance is structured as a loan for terms between 12 months and 36 months. This is structured as a first charge secured loan
Typically 12-36 months
Mezzanine finance is available for up to 90% of the total transaction costs. Typically, this is only available when the first ranking lender is a traditional lender, such as a clearing bank, or where the cost of their funds is less than 6% per annum.
Joint venture equity
Typically 24-48 months
Joint venture equity investments typically comprise 50-95% of the total equity requirement for a transaction, with the JV partner providing a minimum of 5% of the equity requirement. A bespoke profit share arrangement will be agreed, with ratchets to incentivise the partner to exceed their business plan.
Joint venture equity funding can either be structured for one-off transactions or provided as part of an “acquisition fund" based on a wider investment strategy agreed between the parties.
A combination of debt and equity. Typically 12-48 months
ASK offers a unique funding option of up to 95% of the total funding requirement (a hybrid of debt and equity). This is structured as a secured first charge loan. ASK will price the loan to achieve a fixed return meaning that the developer receives all of the upside.