Case Studies Archive - Page 5 of 8

Farmhouse Scheme in Cambridge (CBILS)

by Ivy Huang | Mar 18, 2021 | Case Studies, CBILS

The company: A residential and commercial property developer, specialising in the development of commercial and residential properties since 1997.

Funding: They received funding from BLG under the Coronavirus Business Interruption Loan Scheme.

Purpose: To support the business as a result of the COVID-19 outbreak.

Before the outbreak of COVID-19, they had secured an agreement with lenders to provide development funding for its planned residential developments. However, this funding was withdrawn as a direct result of the impact of COVID 19.

The availability of development funding on commercially acceptable terms was essential for the planned residential developments to go ahead. Without a solution, the planned residential developments would have had to be put on hold indefinitely until development funding was available on commercially acceptable terms.

Solution: Coronavirus Business Interruption Loan Scheme (CBILS).

BLG supported the developer through the application process to secure funding in under three months.

They said, “If the coronavirus business interruption loan scheme had not been available to us, it would have had a negative impact on the business overall, a reduction in turnover and potential profits, reduced growth, and we would have been forced to consider redundancies to existing staff.”

Asked what advice he would give to other businesses applying for a Coronavirus Business Interruption Loan Scheme backed loan he said, “Provided you can meet the qualifying criteria, it is an excellent method of securing funding on commercially acceptable terms.”

The funding from BLG, supported by the Coronavirus Business Interruption Loan Scheme, has helped the company survive the COVID-19 outbreak. They explained, “The scheme enabled us to continue with our planned residential development, which is a new venture for the business, and helped us prevent a potentially very difficult situation.”

“It was a positive experience. We found the process straightforward and easily understood, and the staff at BLG clarified any queries we had,”

Conclusion: The Coronavirus Business Interruption Loan Scheme presents a route for smaller businesses affected by coronavirus to acquire financial support.

18-1756 Artisan Contracting Ltd - Burwell image1-page-002

18-1756 Artisan Contracting Ltd - Burwell image1-page-003

18-1756 Artisan Contracting Ltd - Burwell image1-page-004

18-1756 Artisan Contracting Ltd - Burwell image1-page-005

18-1756 Artisan Contracting Ltd - Burwell image1-page-006

18-1756 Artisan Contracting Ltd - Burwell image1-page-008

3 Light & Airy Apartments in London

by Ivy Huang | Aug 4, 2020 | Case Studies, Stretch Senior

Development:
Two light and airy one-bedroom apartments, and one three-bedroom apartment created within a handsome Georgian period property, featuring open fireplaces, floor to ceiling windows, modern high-spec bathrooms and kitchens along with traditional features and decked balconies or with outside south facing gardens.

Location:
Set in a vibrant part of London, the area has benefitted from gentrification in recent years, while retaining the charm and feel of a thriving London borough. The apartments are a short walk from bars, restaurants, several green spaces, tube, buses and London Overground station making them ideal for those looking to experience the very best London has to offer.

Developer:
An experienced family team, who have worked together on a number of developments converting existing structures into high-spec apartments and commercial workspaces. Their first foray into Shoreditch was at a time when the area was less than salubrious, with a Victorian factory conversion that is available to hire for film, events and photoshoots and is now in a highly desirable location (further details can be found here).

GDV:
£2m
Stretch Senior Development Finance

Loan term:
15 months

23 Modern Townhouses, Devon

by Ivy Huang | Aug 4, 2020 | Stretch Senior, Case Studies

Development:
An exclusive 23 house scheme featuring 2-, 3- and 4-bedroom townhouses, each built to a modern, contemporary design with high-end bathrooms, kitchens, fixtures and fittings as standard. The properties benefit from multiple parking spaces and/or garages, turfed gardens, outdoor taps and plugs, and are all ideally situated around an attractive open space area. All the properties also have the benefit of a 10-year NHBC building guarantee and two year customer support from the developer.

Location:
The development is set in a small village on the edge of the picturesque Dartmoor National Park, offering rural living and breathtaking views, as well as easy access to education, art and leisure, and shopping facilities. With many local festivals, multiple parks and green spaces, along with an outdoor swimming pool in close proximity, the properties enable their residents to experience the very best that the region has to offer.

Developer:
An award-winning developer, with experience constructing beautiful homes built to the highest specifications. The developer works to regenerate local towns by providing much needed housing and redeveloping brownfield sites.

GDV:
£6.3m
Stretch Senior Development Finance

Loan term:
20 months

9 high-spec modern apartments, Somerset

by Ivy Huang | Jun 9, 2020 | Case Studies, Standard Residential

Development:
9 modern one- and two-bedroom apartments created within a handsome period property, featuring open plan living space, off street parking and communal meeting and social areas.

Location:
The development is located in a sought after, elevated hillside setting with stunning panoramic views across Weston-Super-Mare. This highly desirable location is within easy reach of both the seafront and Weston Woods, with convenient access to the M5 for commuters.

Developer:
A long-standing developer/contractor with a track record in producing high quality developments.

GDV:
£2.1m
Residential Development Finance

Loan term:
21 months

view through open doors, onto a balcony overlooking rooftops

view overlooking rooftops with estuary and hills in the background

Luxurious estate development, Dorset

by Ivy Huang | Oct 22, 2019 | Case Studies, Stretch Senior

Development:
5 luxury two-storey coach houses set around a courtyard, originally the stable block, and 15 luxury characterful apartments converted/extended from a prestigious manor house.

Location:
The development is set in stunning grounds, surrounded by Dorset’s rolling hills and mature trees. The area is known for its beautiful countryside and coast. The site is a few miles from a popular town with a train station.

Developer:
A very experienced developer with an outstanding track record.

GDV:
£6,400,000
Stretch Senior Development Finance

Loan term:
12 months.