by Peter Wade | Oct 28, 2022 | Case Studies, Stretch Senior
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 residential 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
Stretch Senior Development Finance
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
Residential Development Finance
Loan term: 14 months
by Peter Wade | Aug 5, 2022 | Standard Residential, 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.
by David Khan | Feb 22, 2022 | Case Studies, Stretch Senior
BLG has been working with JMC Developments (Hunslet) Ltd (JMC) since 2015 and has so far successfully funded to date around 330 units in 5 blocks being a mix of derelict mill conversions and new builds in Hunslet, just outside Leeds. BLG is also currently funding the 6th and final Block on the site being the conversion of a large mill to provide a further 93 units.
The clients presold the 5th Block to an overseas fund for a figure in excess of £19m and we are delighted that the pre-sale was completed on the 10th of February 2022. The final Block of 93 is also presold to the same purchaser with completion expected at the end of 2022.
To date, BLG has funded or agreed to fund around £33m in total across the total development and we are highly delighted to have been associated with this important project and helping to bring back to life an area that required major regeneration.
