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Meet the partner: Victor Librae, Urban Exposure

Wed 1st February 2017, 1:48 pm

Urban Exposure's Victor Librae on the residential development finance provider's decision to support Sitematch

Could you give us a short description of Urban Exposure?

We are an award-winning residential development finance provider. We’re not a bank, we’re a non-bank lender.

Urban Exposure was established in 2002 and evolved into a development finance provider in 2009.

We provide development funding for residential, mixed use, student accommodation, retirement living and PRS schemes. We use our in-house development and lending expertise in all phases of the investment process including origination, underwriting, loan servicing and development monitoring.

What is your role at the company?

I am a partner and principal shareholder of the company. I am responsible for devising and executing our sales strategy and the relationship management of our client and introducer network.

Why has Urban Exposure decided to support Sitematch?

We see immense opportunity in the use of surplus government land to help meet the housing shortages prevalent throughout the UK. As a lender, we are a critical part of the jigsaw that enables the commercial viability of these sites for both the public authorities and for the private developers looking to complete the projects.

How will the event benefit your organisation? 

We are looking to build new relationships with developers and local authorities, for projects across London and the UK where there is an opportunity to lend. We are excited to learn about regional opportunity areas.

What will Urban Exposure bring to the event?

Urban Exposure is one of the best-known non-bank lenders within the residential lending market. We have a strong track record of lending to public-private partnerships, and working with a variety of stakeholders to structure projects with commercial flexibility and in consideration of all the major stakeholders

What will you offer to the other delegates at Sitematch London?

We can give real time overviews of the terms and structure of financing packages that we can offer on a given project, which might help all parties in their initial screening of land parcel. 

In your view, how will Brexit affect housebuilding in the country and the capital? 

We conducted a survey on what SME developers thought the impact of Brexit would have on them.

Our key findings indicate that expectations are that a “hard Brexit” would slow housebuilding. The biggest cause for concern is the cost of construction: 84% of developers believe that a hard Brexit would lead to increased costs, 32% believe that costs would rise significantly as a result of increased wage bills and the cost of importing materials in the face of a devalued pound.

While only just under a quarter (24%) of developers are worried that access to finance will become more limited if the UK leaves the single market, 76% of respondents think a hard Brexit will make the cost of development finance more expensive.

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