Business Lending Group expands geographic lending focus
Business Lending Group expands geographic lending focus and funds 3 residential development finance loans in a week.
Press Statement_BLG Development Finance_Geographic focus_19June13
Mar13: BLG development finance research, the housebuilders view
BLG research findings March 2013: Development finance research, the housebuilders view.
Jan13: Business Lending Group appoints Colin Ranshaw
Business Lending Group appoints Colin Ranshaw as Credit Operations Director.
Press Statement_BLG Development Finance_CR appointment_released 28Jan13
Nov11: BLG announces Real Estate Director appointment.
The residential development finance lender, BLG, today announces the latest industry figure to join their expanding team. Neil Richardson has been appointed as BLG’s new Property Risk Director; he brings with him over 16 years’ experience gained in senior management roles with InterBay Commercial, Savills and Edward Symmons.
Stuart Parfitt, Managing Director of BLG, today announces: “I’m delighted to welcome Neil to the BLG team. Neil brings with him a wealth of property risk experience, being an MRICS Chartered Surveyor and having worked for large lenders over the past 10 years. BLG provides developers with a fast, flexible and reliable source of property development finance and I know having Neil on board will add value to our developer and broker partners; his property and building knowledge really is second to none.”
Neil Richardson, Property Risk Director for BLG, commented on his new appointment: “I’ve known of the good reputation held by the BLG team for some time and I’m delighted to be joining them in this period of growth for the business. Not only will I be responsible for formulating property and development risk strategy and policy, an important part of my role will be to work with our developer partners, understand their project requirements and provide the utmost support to them from a risk and funding perspective.”
Press Statement_BLG Development Finance_NR appointment_3Nov11
Oct 11: BLG celebrates first year of development finance
BLG (Business Lending Group) today celebrated their first year anniversary since launching into the Development Finance market. On their anniversary the lender announced their move to new headquarters in central Woking and the launch of a new developer facing website.
Stuart Parfitt, Managing Director of BLG, today announces: “Many of you will recognise Business Lending as a commercial mortgage lender, but personally my roots are in property development finance having twice previously worked with development lenders. Dislocation in banking has created a yawning gap in the market, and a year ago today we set our sights on creating a market‐leading funding product and service proposition for house builders. Over the last 12 months much has happened; we have funded our first batch of housing schemes and many properties have risen out of the ground with BLG’s financial backing. What’s exciting is that several of our original developer partners have paid off their first loans and returned to finance further projects.”
Parfitt continues: “This past year our team has designed a competitive and flexible loan product, we’ve spent time fine‐tuning our internal systems and lending processes, we’ve rebranded, we’ve launched a new website and we’ve just moved into our new head quarters. Now with enhanced funding we are planning a significant increase in funding volumes through the remainder of 2011 and into 2012. It’s been a busy 12 months!”
