Development Finance: How Do Banks Assess Their Risk In This Form Of Lending?

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Langdon Capital is a trading name of Langdon Capital Limited, a company registered in England & Wales with company number 12600771 and registered offices at 71-75 Shelton Street, Covent Garden, London, WC2H 9FF.

Langdon Capital Limited is a broker and not a principal lender or investor. Langdon Capital's activities are not regulated by the Financial Conduct Authority (FCA) as they fall outside the scope of PERG 2.7, "Activities: a broad outline," of the FCA handbook, or within its exemptions. Langdon Capital introduces businesses ("Business Investees") and individuals ("Individual Investees") seeking capital for business purposes to principal investors in debt and equity and lenders (collectively "Funders"), with the output of such engagements being investment decisions made by the Funders, not transactions. Transactions are subsequently concluded directly between the Funders and the Business Investees or Individual Investees, without the involvement of Langdon Capital. The act of supplying information about Business Investees or Individual Investees to Funders does not imply, or extend to, making recommendations to the Funders and therefore does not constitute the regulated activity of ‘Advising on Investments.’ Langdon Capital only introduces Individual Investees to Funders when exemptions to PERG 2.7 are met under the following conditions: (1) the introduction is made only in the context of a property loan; (2) loan proceeds are only to be used for commercial purposes; (3) the loan amount is greater than £25,000; (4) if land is used as collateral for the loan, then less than 40% of the land is used for dwelling purposes by the borrower; and (5) the borrower signs a declaration which provides that loan proceeds shall be used wholly for business purposes and that the borrower agrees to forgo the protection and remedies that would be available to them if the agreement were a regulated consumer credit agreement. Langdon Capital earns fees from Business Investees, Individual Investees and some Funders and discloses commissions to its clients.

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