by Peter Wade | Sep 8, 2023 | Case Studies, Standard Residential
Development: This project involved the construction of five new homes comprising one 4-bedroom detached house and four 4-bedroom terraced houses offering generous living space in modern style. All dwellings are over 3 floors, built to a very high standard and within a gated development. Notably, the design of the terraced units stands out, showcasing distinctive layouts and facades. With the scattered balconies, every aspect of the terraced units has been considered to ensure residents enjoy privacy, thus elevating the overall quality of the living experience.
Developer: Third generation of family developers. Long term client of BLG.
Location : Located in a populous area in Southwest London, close to the station, shops and local amenities.
GDV: £10.5m
Loan term: 12 months
by Peter Wade | May 19, 2023 | Case Studies, Bridging
Development: A Victorian era terrace house close to Battersea Park with the King Road just a short walk over the bridge. The property comprises a three storey, mid-terraced house, plus a converted cellar, offering six bedrooms, three bathrooms, through-lounge and large open plan kitchen/sitting room. The property is around 2500 sqft in generally good condition and purchased open on the open market. The location is popular with families and the market in this area of London has been enhanced by the development of Battersea Power Station, the new tube station and the US Embassy. The developer is looking for bridging finance associated with this residential development.
Being one of the typical examples of our bridging loan project, this deal was ready for funding within 3 weeks of first enquiry.
Developer: An experienced property developer and investor with a corporate finance and equity sales background
Location: Southwest London
GDV: £2.9m
Loan term: 12 months
by Peter Wade | Feb 16, 2023 | Case Studies, Standard Residential
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
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
