BLG (Business Lending Group) today celebrated their first year anniversary since launching into the Development Finance market. On their anniversary the lender announced their move to new headquarters in central Woking and the launch of a new developer facing website.
Stuart Parfitt, Managing Director of BLG, today announces: “Many of you will recognise Business Lending as a commercial mortgage lender, but personally my roots are in development finance having twice previously worked with development lenders. Dislocation in banking has created a yawning gap in the market, and a year ago today we set our sights on creating a market‐leading funding product and service proposition for house builders. Over the last 12 months much has happened; we have funded our first batch of housing schemes and many properties have risen out of the ground with BLG’s financial backing. What’s exciting is that several of our original developer partners have paid off their first loans and returned to finance further projects.”
Parfitt continues: “This past year our team has designed a competitive and flexible loan product, we’ve spent time fine‐tuning our internal systems and lending processes, we’ve rebranded, we’ve launched a new website and we’ve just moved into our new head quarters. Now with enhanced funding we are planning a significant increase in funding volumes through the remainder of 2011 and into 2012. It’s been a busy 12 months!”