Strata was formed in 2007 by evolve Fund Services Limited ('evolve') and Davon Limited ('Davon'), two businesses that specialise in the property sector in the UK.
The main aim of the two companies was to establish a business specialising in mezzanine lending that offered a simple, straightforward and transparent structure for UK residential developers in the South of the UK and in so doing offering private investors an attractive investment opportunity.
Recent Activity
December 2011
Redemption
- Hastings, East Sussex
- Original Strata loan £388,000
New Loan Drawn Down
- Harpenden, Hertfordshire
- 2 detached houses
- Strata loan £330,000
New Loan Agreed
- Fulham, London
- 1 semi-detached house
- Strata loan £400,000
Sale Agreed
- Cobham, Surrey
- Sale agreed at £1.8m
November 2011
New Loan Agreed
- Cheltenham
- 10 town centre apartments
- Strata facility of £300,000
Sale Agreed
- Sunninghill
- Sale agreed at £4.15m
Unit Exchanged
- West Byfleet
- First unit exchanged at £1.25m
- Completion set for end of February
October 2011
New loan drawn down
- Sevenoaks, Kent
- 4 Terraced houses and 2 detached houses
- Strata loan £395,000
New Loan Agreed
- Tolworth, Kingston upon Thames
- 10 houses
- Strata loan £630,000
September 2011
New loan drawn down
- Hampton, London
- 2 Semi-detached houses
- Strata loan £300,000
Redemption
- Fulham, London
- Original Strata loan £1,090,000
- 4 houses sold for c£7m total
New Loan Agreed
- Sevenoaks, Kent
- 4 Terraced houses and 2 detached houses
- Strata loan £395,000
August 2011
New loan drawn down
- Barnes, London
- 3 Terraced houses, 2 apartments and 1 office
- Strata loan £425,000
Redemption
- Baldock, Hertfordshire
- Original loan £300,000
- Five houses sold for £1,545,000
New Loan Agreed
- Harpenden, Hertfordshire
- 2 Detached houses
- Strata loan £330,000
July 2011
New loan drawn down
- Ascot, Berkshire
- 1 Detached House
- Strata loan £300,000
June 2011
New loan drawn down
- Wraxall, Bristol
- Nine Houses
- Strata facility of £400,000
Final sale agreed
- High Street, Baldock
- Sale agreed at £290,000
May 2011
New Deal Agreed
- St Mary's road, Ascot
- Strata facility of £300,000
- One detached house
New Deal Agreed
- Charles Street, Barnes
- Strata facility of £450,000
- Three houses, two flat and one office B1 unit
Strata loan redeemed
- Camp Road, Gerrards Cross
- Property sold for £3.94m
New loan drawn down
- Allington Road, Newick
- Strata facility of £570,000
- Five detached houses
First unit exchanged
- Chipstead Street, Fulham
- First unit exchanged
- Completion date set for 11th July 2011
March 2011
Sale agreed
- Plot 1, Arterberry Road, Wimbledon at £2.55m
Sale agreed
- Glenridge, Gerrards Cross at £4m
New loan approved
- Charles Street, Barnes
- Strata facility of £450,000
Facility Redeemed – Gun Farm, Blackboys
- Facility redeemed in full from sale proceeds of first unit
- Redeemed just over five months after initial drawdown
January 2011
New loan completed – West Byfleet
- Strata loan £485,000 - 2 new properties of 3,100 and 3,200 sq ft.
- Senior debt – Close Property Finance.
- Site is located in a strong residential location and the developer has a valued reputation in their market.
New loan completed – Esher
- Strata loan £675,000 - 2 new dwellings.
- Senior debt – Coutts.
- This is a second transaction with a very experienced developer.
- Site located in private estate road within short walking distance of Esher town centre.
Sale agreed
-
Final unit at Baldock for £285,000.
December 2010
New loan – Epsom
- Strata loan £500,000 - new 6 bedroom property of 7,450 sq ft.
- Senior debt – Close Property Finance.
- Private estate adjoining RAC Country and Golf Club.
- End value of house - £3.6m.
New loan - Kingswood
- Strata loan £500,000 - new single dwelling.
- 2nd loan to this developer, following redemption of loan for 4 units in Banstead.
- Senior debt - Close Property Finance.
Facility redeemed – East Preston
- Final sum of facility redeemed.
November 2010
New loan – Cobham
- Strata loan £675,000 - 2 new detached homes.
- Senior debt – Coutts.
- End value per house - £1.7m.