NEXA Finance

What NEXA Finance does

NEXA Finance Limited is a UK development finance lender, established in 2019/2020 as a wholly-owned subsidiary of Melton Building Society, headquartered in Melton Mowbray, Leicestershire. The company provides short-term loan facilities (development loans, refurbishment loans, and exit loans) ranging from £500,000 to £7.5.5 million with terms up to 24 months, targeted at SME residential property developers in England and Wales who are underserved by high-street banks. As of end-2025, NEXA supported over £160 million in live facilities and has originated more than £400 million since inception, with a 14-person team.

The platform is a relationship-driven, manually underwritten lending model. NEXA deliberately does not use algorithmic underwriting; instead, every deal is assessed case-by-case by experienced credit professionals, supported by a team of Business Development Managers who conduct site visits and act as single points of contact for borrowers. Distribution combines direct BDM sales across England and Wales with a broker and introducer network (including solicitors and finance brokers) and a capital base supplied by institutional investors and building society partners, including parent Melton Building Society and (from June 2025) Hinckley & Rugby Building Society.

Revenue is generated through arrangement fees deducted from initial drawdowns, upfront valuation and monitoring fees, fixed interest income on loans (accruing daily and compounded monthly), and the spread retained between borrower rates and returns paid to institutional investors. The business has scaled rapidly, with 76% loan book growth and 72% profit growth in 2024, followed by 90% AUM growth in 2025, alongside progressive team expansion and the addition of new institutional investors.

Name

NEXA Finance

Legal name

NEXA Finance Limited

Website

https://nexafinance.co.uk

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

NEXA Finance is a UK development finance lender and subsidiary of Melton Building Society that provides £500K–£7.5M development, refurbishment, and exit loans to SME residential property developers in England and Wales, using manual underwriting and a broker and BDM-led distribution model.

Ownership category

akta.pro rank

Product category

Development Finance

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)

akta.pro secondary industry

Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI)

Keywords

• Development finance
• Property development loans
• Refurbishment finance
• Residential property lending
• Exit finance

Headquarters

HQ city

Melton Mowbray

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Development Loan Interest: NEXA Finance earns interest on property development loans used to fund the construction of residential projects. Loans are typically released in stages (multiple build cost drawdowns) as the development progresses and are repaid upon sale or refinancing of the completed project. Interest accrues daily and is compounded monthly, added to the loan and paid upon maturity or sale.
2. Refurbishment Loan Interest: Refurbishment loans fund the renovation or conversion of existing residential or commercial buildings into residential dwellings. Interest is charged on the drawn amount, with fixed interest rates and terms of up to 24 months.
3. Exit Loan Interest: Exit loans provide capital to developers on completed projects, allowing them to transition to the next venture while the property is sold or refinanced. Interest is fixed, accrues daily, compounded monthly, and is paid upon maturity or sale. No early repayment charges or exit fees apply.
4. Arrangement Fee: Upon completion of a deal, the arrangement fee is deducted from the initial release amount. Valuation and initial monitoring fees are payable upfront by the borrower.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

NEXA Finance is a UK specialist development finance lender providing tailored Property Development Loans, Refurbishment Loans, and Property Exit Loans of £500,000 to £7,500,000 to small and medium-sized residential property developers across England and Wales. All loans are manually underwritten by experienced credit professionals, with fixed interest rates, terms of up to 24 months, and flexible staged drawdowns aligned to construction milestones. The lending operation is funded by institutional investors and backed by UK mutual building societies, including its parent Melton Building Society and strategic partner Hinckley & Rugby Building Society.

Product overview

NEXA Finance is a development finance company backed by UK Building Societies (Melton Building Society and Hinckley & Rugby Building Society) that provides tailored finance solutions for property developers. The company operates three core loan products: Property Development Loans (for new build residential projects), Property Refurbishment Loans (for converting existing residential or commercial buildings), and Property Exit Loans (for raising capital on completed developments). All loans range from £500,000 to £7,500,000 with terms up to 2 years. NEXA distinguishes itself through manual underwriting, personal relationship-based lending, and jargon-free products—positioning itself as an alternative to traditional bank lending for SME developers.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Development Loan Tailored loan for residential property developers and housebuilders seeking to build small-scale residential homes. Provides £500,000–£7,500,000 for up to 24 months, with maximum loan to total costs of 80% and maximum loan to gross development value of 65%. Supports multiple build cost drawdowns throughout the loan term, with fixed interest rates accruing daily and compounded monthly.
• Property Refurbishment Loan Flexible funding for the conversion of existing residential buildings or commercial buildings with planning permission into residential dwellings. Provides £500,000–£7,500,000 for up to 24 months with flexible terms and fixed interest rates, with upfront valuation and monitoring fees and arrangement fees deducted from the initial drawdown.
• Property Exit Loan Designed specifically to support residential property developers in raising capital on completed projects, allowing transition to the next venture while the property is sold or refinanced. Provides £500,000–£7,500,000 for up to 12 months with maximum loan to value of 70%, fixed interest rates accruing daily and compounded monthly, no early repayment charges or exit fees, and a single drawdown.

Quantifiable outcome

• 90% growth in assets under management in 2025
• +6 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Hinckley & Rugby Building Society (HRBS)coreStrategic or Co-development Partner · 15 June 2025NEXA Finance formed a strategic alliance with Hinckley & Rugby Building Society in June 2025 to bring enhanced development funding solutions to UK property professionals. Founded in 1860 (originally as Hinckley Building Society), HRBS is rooted in mutuality with a purpose to help local people save and provide affordable mortgages. The partnership combines NEXA's specialist development finance expertise with HRBS's mutual foundation to offer more tailored, flexible funding solutions for developers across the UK.
• Julian Lawrence (Broker)minorChannel Partner/ Reseller/ DistributorBroker Julian Lawrence works with NEXA Finance on development finance transactions. Su Snaith, BDM at NEXA, visits development sites with Julian Lawrence, including a site visit to a development project in Nottingham. This marked NEXA's third collaboration with the developer supported by Julian Lawrence.
• BHW Solicitors LimitedminorChannel Partner/ Reseller/ DistributorBHW Solicitors Limited is a legal partner that works with NEXA Finance on property development transactions. Kate Burlinson, Partner in Commercial Property at BHW Solicitors Limited, provided a testimonial praising NEXA's practical and personal approach to development finance.
• Business Finance Solutions LtdminorChannel Partner/ Reseller/ DistributorBusiness Finance Solutions Ltd (BFS) is a broker partner of NEXA Finance. Broker Ryan Atkins at BFS has worked with NEXA's BDM Su on two transactions, praising her professionalism, relationship-building, and outstanding service that led clients to choose NEXA.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Aldermore Bank: Aldermore is a UK challenger bank providing development finance, bridging, and commercial real estate loans as part of a broader specialist banking franchise. Comparable to NEXA on the development finance segment but part of a much larger diversified bank.
• Paragon Bank: Paragon Bank is a UK specialist lender with a development finance and bridging business alongside broader commercial and consumer lending. A broader incumbent in the property finance space, comparable on the development lending vertical but with a much wider portfolio.

Direct peers

• LendInvest: LendInvest is a UK property finance platform offering bridging and development loans to SMEs and intermediaries. It is the most direct peer to NEXA in terms of product (development finance), target customer (SME developers and brokers), and lending approach, though it operates a more technology-driven model.
• Market Financial Solutions (MFS): MFS is a UK specialist bridging and development finance lender serving SMEs and intermediaries. Directly comparable to NEXA on loan products, target market, and broker distribution model.
• United Trust Bank (UTB): United Trust Bank is a UK challenger bank with a prominent development finance and bridging division serving SME property developers. Comparable to NEXA on development loan products and target market, with materially larger balance sheet.
• MT Finance: MT Finance is a UK specialist lender focused on property development and bridging finance for SME developers. Highly comparable to NEXA on product mix, target borrower, and intermediary-driven distribution.
• Shawbrook Bank: Shawbrook is a UK specialist challenger bank providing development finance, bridging, and commercial mortgages to SMEs. Comparable on product type and customer segment, with a much larger institutional footprint.
• Hope Capital: Hope Capital is a UK specialist bridging and development finance lender active in the SME segment. Comparable to NEXA on product offering and target borrower profile, though typically more weighted toward bridging.

Emerging players

• Octane Capital: Octane Capital is a UK specialist lender focused on development finance and bridging for SME developers. Comparable to NEXA on products and customer segment, positioned as a smaller emerging specialist competitor.
• West One Loans: West One Loans is a UK specialist lender offering development finance and bridging through intermediary channels. Comparable to NEXA on product mix and broker-led distribution, with a narrower focus than the larger incumbents.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nexa-finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEXA Finance