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

Loan Term: 18 months

Development:

A 21-unit development of a mixture of 3 and 4 bed properties on what is essentially a green field site south of Bristol. BLG took on the deal after another lender pulled out. The development has performed well so far and have been moving at a very quick pace. We are expecting the construction to be finished 10 months into a 22- month loan term.

This was the second deal with this client following a 9-house scheme in Brislington on the outskirts of Bristol which was successfully funded by BLG under the British Business Bank’s CBILS scheme.

The build and sales of the previous development during CBILS were fairly seamless and we were delighted to have the opportunity to work with this developer again on this exciting project.

Developer:

Being the property business for 20+ years, the clients are commercial flooring contractors, builders and increasingly property developers based around Bristol with a large portfolio of land they have acquired over a number of years.

 Location: A green field site in Cheddar, South of Bristol

 GDV: £8.6m

 Loan Term: 22 months

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