We believe in a personal approach to investing flexible debt funds. That’s why over the coming months we’ll be sharing a series of “Team Spotlight” articles on our news page. This month we spoke with Nick Oakley, Head of Property Investments. He told us about the challenges currently facing property developers.
Tell us about your background?
Experienced "old" career corporate Banker with over 35 years experience. This included various roles in relationship management through to being Regional Director of Real Estate Finance team at Royal Bank Scotland Group, leading a team of 52 bankers across the Midlands and Wales.
What do you do at FDC?
I'm head of Property Finance, which means I lead a team of Investment Directors specialising in Property. Our team covers business development for all property funds, as well as deploying and managing a portfolio of funds under management.
What do you like about working at FDC?
It's rewarding to be able to accelerate urban regeneration projects where our funding has really made a significant impact, helping local communities and economic growth in the West Midlands. Our funding is very flexible so if it's the right project we can find a structure (debt, mezzanine or equity) to make it work. Plus there's some great people to work with as well.
What are the values that drive you in your career?
Always wanting to be a success and do the very best I can. Plus seeing new development projects progress is very rewarding.
What do you think is the biggest challenge SMEs seeking funding face?
Where do is start!? Currently Brexit uncertainty is obviously a huge challenge, all businesses need certainty to plan with confidence. Specific to Property development, planning delays and lack of speculative funding availability is a big barrier to getting developments underway. That's where we can help.
What's the best piece of advice you've been given in your working life?
Work hard, play hard. If you don’t enjoy what you’re doing, move on. Life’s too short!
What do you enjoy doing when you are not working?
I enjoy all sports and I’m a very keen golfer. I enjoy spending time with my family, friends and Fred our chocolate Labrador.
What's your favourite film?
Monty Python’s “Life of Brian” always makes me laugh….”always look on the bright side of life!”
To find out more about Nick or get in touch with him click here.