by Peter Wade | Jan 9, 2023 | Case Studies, Standard Residential
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
by Peter Wade | Oct 28, 2022 | Stretch Senior, Case Studies
Development:
19 x 1, 2, & 3 bed new build apartment scheme of £10.5m GDV on a site of a former car wash in north London with further potential to gain planning for a large single unit. The development will regenerate the location considerably and we are excited to be associated with this project.
Developer:
BLG funded a development loan and a VAT loan for the scheme undertaken by an experienced developer. It will be the third deal we have funded for this client.
Location: Islington, London
GDV: £10.5m
by Peter Wade | Aug 5, 2022 | Case Studies, Standard Residential
Development:
Demolition of existing 2 storey detached house and garage and erection of a new 3 storey flat block including 8 apartments, amended access/parking provision and landscaping.
Developer:
The developer has been actively involved in the constructions industry for many years.
Location:
The development is located in Purley, a prosperous district in South London situated close to Croydon and within easy commute of the City. Purley has reputation as a premier area, boasting spacious houses and apartments which are understandably much sought-after.
GDV: £3.1m
Loan term: 14 months
by Peter Wade | Aug 5, 2022 | Case Studies
Development:
This exciting development comprise a total of 2 x 1 bed, 4 x 2 beds and 2 x 3 beds apartments with parking and a total of 6,653 sq ft. This impressive new centrepiece area with its stylish design, square and location, connecting and embracing a new lifestyle with spectacular views over Croydon and towards London’s famous skyline.
Location:
The development is in Croydon of the Greater London region. Noted as one of the fastest growing economies in the capital, up and coming areas in London don’t come much more attractive than this town and borough. Attractive new build homes are shooting up across the borough every year by enriching the construction points.
Developer:
The developer is a small building company with an experienced team. Having worked together on different developments, they have already accomplished various developments in this region.
GDV: £ 3.4m
Loan term: 18 months
by David Khan | Mar 16, 2022 | Case Studies, Standard Residential
Partway through a 13-unit residential conversion of an old farmhouse & buildings in rural Somerset with stunning views. Development progressing well & should be completed by mid-2023 with an estimated GDV in excess of £5m.
