Bric Housing’s Post

Did you know? 💡🏢 Financial management is one of the core functions of a managing agent.  FMS Property Managers is committed to financial transparency. This means Trustees are provided with comprehensive monthly reports, which includes: - Balance sheet - Income statement including budget variance figures - Reconciliation/schedule of accounts - Trial balance - Debtors age analysis - Copy of the City of Cape Town account Accurate monthly accounts ensures trustees are equipped with the necessary financial information to monitor the financial performance of their scheme and review performance against the budget. #bodycorporate #propertymanagement #propertymanager #committedtoexcellence #FinancialManagement

Anyone looking for Property Finance or Finance for expansion

Galliford Try PLC (LSE:GFRD) said progress has been strong in the current year, with full-year revenue and underlying profit running ahead of the top end of current market forecasts. "We expect to report another year of strong performance across all our operations with increased revenue and profit as we continue to progress our updated Sustainable Growth Strategy to 2030,” Bill Hocking, the construction group's chief executive, commented. Hocking added that orders outstanding currently stood at £3.8 billion (£3.7 billion) with 92% of revenue for this year secured. Galliford Try added that it had £227 million of cash on 30 June 2024 (2023: £220m) with average month-end cash during the financial year of circa £155m (2023: £135m). Kris Hampson will join the Group as Chief Financial Officer on 2 September 2024, added the statement. Current market forecasts for the year to 30 June 2024 are revenues of  £1.435bn... More at #Proactive #ProactiveInvestors http://ow.ly/BusH105Af0e

🔑 Expanding My Expertise in Affordable Housing Finance🔑 Today’s session in the Affordable Housing Finance & Underwriting Certificate Program was a deep dive into "Development Budgeting" and "Land Pricing Analysis" for real-world applications like 202 W Hartsdale Ave. I learned so much, including: - 📊 Accurate budgeting comparisons: Ensuring apple-to-apple comparisons to avoid overpaying and better manage project costs. - 💼 Developer fees: Understanding how developer fees vary across regions (they can be as high as 18% in Florida) and their impact on total project costs. - 🏗️ Subsidies & gap financing: Leveraging federal and local programs to fill funding gaps and make housing more affordable. - 🏠 Project-based vs. tenant-based vouchers: Enhancing stability and affordability for families through strategic voucher allocations. - ⚠️ Contingencies & risk management: Accounting for the unexpected, with strategies to keep projects on track and mitigate financial risks. Working through practical examples like the 202 W Hartsdale Ave project has strengthened my financial modeling, underwriting, and development budgeting skills. I'm excited to apply these insights to contribute to the future of affordable housing. #AffordableHousing #Finance #Underwriting #DevelopmentBudgeting #RealEstate #CareerGrowth #AffordableDevelopment

Construction Firm Director Disqualified for 8 Years 🚨 Samantha Fairweather, director of Essex-based Fairweather Construction Ltd, has been disqualified from serving as a company director for eight years after taking over £300,000 in deposits for home improvement projects that were never delivered. The investigation revealed: 🔴 Unfinished Projects: Customers paid deposits for work that was never completed. 🔴 Financial Mismanagement: The company owed creditors over £700,000, including £100,000 in unpaid taxes to HMRC. 🔴 Bounce Back Loan Misuse: £11,000 of a £50,000 loan was misused to repay a director's loan, breaching loan guidelines. Fairweather’s disqualification highlights the importance of: ✔️ Directors maintaining financial responsibility ✔️ Thoroughly vetting suppliers before paying deposits ✔️ Seeking professional advice early if financial difficulties arise If you’re concerned about the financial health of your business or need support managing your accounts, we’re here to help. Don’t wait until it’s too late—get in touch today. #BusinessFinance #DirectorDisqualification #Insolvency #FinancialResponsibility #ConstructionIndustry #businesssupport

Are you a property developer struggling to secure competitive rates for development finance? Does navigating the complex world of financing leave you feeling overwhelmed and frustrated? Don't let confusing terms prevent you from achieving your property development goals. Without the proper guidance and support, you could pay more than necessary and miss out on valuable opportunities. Our team of expert finance brokers specializes in securing the best rates for development finance. In the dynamic arena of Sydney's real estate, the difference between a good investment and a truly prosperous property development often lies in the strength of its financial foundation. The art of economic modelling is not just about crunching numbers; it's about creating a strategic, data-driven roadmap that guides every development phase, from conception to completion. Contact us today to learn more! www.ding.financial #budget #home #saving #savingmoney #firsthome #homeloan #businessloan #bidmyfinance #trustedfinance

#pressrelease #AfricaNewsroom #bizcommunity #publicrelations #africa #southernafrica #southafrica The power of lease audits: savings, compliance, strategic delivery, and more - The lease stands as the cornerstone of occupier-landlord relationships in commercial real estate...

Planning costs are going up but a more crucial aspect is the time to achieve planning. Unfortunately, the speed at which councils are approving new applications is slowing down. This means interest costs over the planning period will be higher and must be factored into deals at the outset. #mezzaninefinance #developmentfinance #propertydevelopment #propertyfinance #mezzaninefunding Edward Alexson

Are you a property developer struggling to secure competitive rates for development finance? Does navigating the complex world of financing leave you feeling overwhelmed and frustrated? Don't let confusing terms prevent you from achieving your property development goals. Without the proper guidance and support, you could pay more than necessary and miss out on valuable opportunities. Our team of expert finance brokers specializes in securing the best rates for development finance. In the dynamic arena of Sydney's real estate, the difference between a good investment and a truly prosperous property development often lies in the strength of its financial foundation. The art of economic modelling is not just about crunching numbers; it's about creating a strategic, data-driven roadmap that guides every development phase, from conception to completion. Contact us today to learn more! www.ding.financial #budget #home #saving #savingmoney #firsthome #homeloan #businessloan #bidmyfinance #trustedfinance

We're on fire! 🔥 Last month, we helped 8 clients secure #ConstructionFinance - 5 of those properties were in QLD, meaning no messing about with the settlement timeline! But we made sure all 8 projects were settled in just 2 weeks after registration. 🚀 You know what that means? Our clients get the full #PrestonPointCapital experience - we'll be right there, liaising with the builders and managing those loan drawdowns. 🏗️ When it comes to this game, you need to team up with a broker who really knows their stuff. We're the elite in construction finance, so you can count on us to get the job done quickly and efficiently. 💪 No fuss, no delays - just results. That's the Preston Point Capital way. 🏆 #NoFussNoDelaysJustResults #ThePPCWay