Development:

A challenging site like no other with every inch of the plot being built on and 12 apartments built-out through a driveway 2.5m wide off of a main high street with limited access rights, not to mention all the complexities associated with 13 Party Wall Agreements. We are delighted to have been able to work with our client to reach the successful completion of this ambitious build project. There are now 12 beautifully presented apartments for sale and rent in the High Street of Portishead Town Centre, and it’s been a remarkable feat of achievement to overcome the numerous hurdles associated with severely restricted site access. 

 Developer:

This was our first deal with the developer Spiller Builders, but through an introducer whom we have worked well with for many times, and with the correct due diligence taken and a positive can-do attitude, we believed in our client and his past experience. His vision was shared by the entire team at BLG, so despite the project requiring additional time to complete, we had full confidence in the developer and provided our full support to see the build through to the completion. 

 Location: Portishead near Bristol

 GDV: £2.8m

 Loan Term: 18 months 

 Comment from the Developer:

“Most lenders would not have had the vision for the scheme or the confidence in Spiller Builders to build out the scheme.  I just wanted to say how helpful the entire BLG team have been during the build. A very approachable and knowledgeable team, with a “can do” approach to lending. We will be looking to do more business with you for sure.”

Development: The development entails the construction of 46 apartments comprising 43 two-bedroom units and 3 three-bedroom duplexes. Each unit will benefit from a private balcony and a single parking space, whilst all but three of the units will have at least one ensuite. With a communal garden area and cycle storage spaces, there will also be two lifts providing access to all floors. The development will also provide a ground floor commercial unit which will comprise predominantly open plan retail accommodation with its frontage onto the main Road.  The developer aims to adhere to a medium to high specification for the build.

Developer: An experienced developer who BLG has successfully funded before

Location: Bury St Edmunds

GDV: £13.4m residential and £ 580k commercial

Loan Term: 12 months

Development: With a good view of parkland, the project entails the construction of 12 two-bedroom apartments and 1 three-bedroom apartment with a study. A receivership purchase by the developer, the build is challenging as the site is already started with the groundworks, reinforced concrete basement and underground car parking completed up to the ground floor slab. Each unit will come with allocated undercroft parking. 4 units will feature a patio, 7 units will have a balcony, and 1 unit will boast a terrace, adding to the appeal of the development.

Developer: Our clients have over 20 years of robust industry experience, spearheading numerous highly successful ventures. They offer substantial financial backing along with a wealth of expertise and business acumen.

Location: The property resides in Canford Cliffs, a sought after upscale suburb of Poole which enjoys a prime location.

GDV: £8.1m

Loan Term: 18 months