Development:
Three large detached five-bedroom executive houses in Preston Bissett which is a small, picturesque villages in Buckinghamshire. This was a complex transaction with additional bridging loans also provided by BLG to raise sufficient funds for completing the site purchase. The developer has not only exceeded expectation by practically complete 1 month ahead of schedule but also exceeded sales predictions by achieving sales on average 10% above the original values. The scheme will transform what was an old yard and will create 3 luxury family homes bringing new life to the area.
Developer:
An experienced developer who has been building & developing for around 15 years. This scheme is the largest for them to date.
Location: Preston Bissett, Buckinghamshire
GDV: £4.4m
Residential Development Finance
Loan Term: 18 months
