25 yrs
Arranging finance
About us
A development finance arranger on the borrower's side
Led by Matt Lenzie, with 25 years and more than £500 million of UK funding arranged.
The authority behind the site
Matt Lenzie, Founder & Principal Broker
Matt Lenzie founded DevExit after more than 25 years arranging property and development finance across the UK. Over that time he has structured and placed more than £500 million of funding, from single-unit bridges and development exit facilities to ground-up schemes and their take-out onto sales or term debt.
Much of that career was spent on the lender's side of the table, which is where the relationships come from. He knows how the specialist bridging desks underwrite a development exit: how they read day-one value against gross development value, how they treat practical completion, certificates and warranties, where they set the loan to value and the sales-period runway, and how they price the gap between a live development facility and a finished, saleable asset. That is the difference between an introduction and a funded deal.
Every enquiry is read, structured and taken to market by Matt himself. There is no junior desk and no hand-off. Developers and investors deal directly with the person arranging their finance.
£500m+
Funding arranged
100+
Lender relationships
Direct
Every deal, no hand-off
What we do
We arrange the finance that repays a development facility at practical completion and funds the run to sale across the UK. We read the scheme, the gross development value and the exit, take the case to the lenders most likely to fund a finished or part-finished scheme, and place the facility that funds the development exit you need. We work across development exit bridging, sales-period finance, part-complete exits, unsold-units finance, equity release and refinance.
We are an arranger and introducer, not a lender. We are paid to find the developer or investor the right facility, so our incentive sits with the borrower rather than any one funder. This is finance against the scheme and its gross development value, structured to reach a sold or refinanced position, not a regulated home loan.
Why a development exit needs specialist knowledge
A finished scheme is not underwritten like a standard term loan. The specialist desks read the gross development value against the day-one value, the credibility of the sales plan and the reservations behind it, the redemption date on the development loan, and the strength of the exit beneath the bridge. Every property type clears differently: an apartment scheme sells unit by unit, a build-to-rent block leases up to an investment refinance, a conversion turns on warranties and building control sign-off. Knowing which lender funds which exit, at what leverage and on what terms, is the difference between a deal that funds and one that stalls.
The company
DevExit is a trading name of Lenzie Consulting Ltd, registered in England and Wales under company number 08174104. Registered office: Lynch Farm, Kensworth, Dunstable, LU6 3QZ.
Tell us about your scheme
Send us the outline and Matt will come back with a view on fundability and likely terms.