Development:
Three large waterfront detached houses featuring modern design. Comprising 5-bedroom with double garages and terraces, each of these luxury units enjoy uninterrupted sea views with their own private walkway to the beach. This unique project is in the desirable Weymouth region on the edge of the cliff with Castle Cove located beneath the site. It’s a rare opportunity to develop a site like this which is significantly technical due to the rock face and descent down to the beach.

Developer:
A highly proficient developer who has carried out a range of residential projects including high value London apartments as well as commercial and retail developments. With a keen attention to detail and a strong project team behind him, the developer is determined and committed to the project work.

Location:  Weymouth

GDV:  £6.6m

Loan term:  18 months

Development:
6 houses in a rural location near Maidstone, the scheme involves converting an old, poor-quality derelict semi-agricultural/semi-industrial buildings.

Originally a Permitted Development scheme, it faced a huge planning issue 6 months into the build with the planners deeming not enough of the original structure having been maintained to warrant the retention of the PD status, even though having previously advised the developer the development was in accordance.

BLG worked closely with the client throughout the period including further funding to bring the scheme to a weathertight status and assisting the client where else possible in obtaining full planning for the scheme.

Planning was ultimately approved and BLG continued to support the client with a newly underwritten facility and practical completion of the entre development is now expected in Feb 2023 with the first sale expected in January.

Developer:
A local building / construction firm with relatively strong construction credentials.

Location:  Maidstone

GDV:  £2.51m

Loan term:  15 months