Product category:
Estimating and Finance
News Release from: CALA Finance
Edited by the Buildingtalk Editorial
Team on 06 October 2006
CALA Finance new Business Development
Manager
CALA Finance, which offers 100% development funding to small and medium sized residential property developers, has appointed a new Business Development Manager for the North East.
CALA Finance, which offers 100% development funding to small and medium sized residential property developers, has appointed a new Business Development Manager for the North East Alastair Blyth, who has over 20 year's experience working in the residential and commercial property sectors, will be tasked with developing new business and furthering relationships with existing clients
This article was originally published on Buildingtalk on 6 Oct 2006 at 8.00am (UK)
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Alastair, who started his career as a Chartered Surveyor, was most recently Managing Director of Residential Development Company Parian Developments, based in Newcastle and prior to that was a Director of AWG Residential.
At AWG, Alastair was involved in funding over 20 developments in the North East over a five year period until 2004.
CALA Finance has a fund of £120m from which to offer 100% finance to small and medium sized housebuilders, contractors and first time developers in the North East.
This contrasts with banks which typically ask clients to provide 30 to 35% of what is being borrowed.
The company also offers expertise and advice through out the development period.
It funds projects of all sizes - from just two houses to multi million pound developments.
Recent CALA Finance developments in the North East include a steading development at Seghil, two storey housing in Wallsend and flats in Jesmond and Shotley Bridge.
Alastair said: "I am delighted to be joining Cala Finance.
CALA Finance has been operating in the residential property market across the UK for over 20 years.
This experience - coupled with the ability to offer structured advice - means we can give developers the scope to undertake larger and more profitable ventures than might otherwise be possible with traditional sources of funding.
"The North East of England is a very buoyant residential market with exciting property development taking place throughout the region.
The changes to the North East over the last 10 years have been dramatic and I believe will continue for the foreseeable future.
CALA Finance very much want to be involved in the North East by working with Residential Developers throughout the region.".
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