Specialist Finance for Airspace and Rooftop Development Projects

We provide development finance for airspace schemes, including rooftop developments and the addition of new floors to existing buildings.

These projects often involve a higher level of complexity than traditional developments, from structural and planning considerations through to ownership and delivery challenges.

We take a practical, deal-led approach, focusing on how each scheme will be delivered and structuring funding around the realities of the project.

If you are planning a rooftop or airspace development, we can review your scheme and advise on potential funding options.

Our Approach to Complex Airspace Development Finance

Each airspace development project is structured around the specific details of the project, rather than using a standard lending model.

This allows us to take a practical view of each deal, including how it will be built, the level of complexity and how the loan will be repaid.

1. Holistic risk of assessment

We assess the entire transaction, including the assest, the borrower, structure and exit, rather than focusing on isolated issues.

This allows us to take a balanced view of the risks involved, supporting projects where strengths in one area can offset challenges in another, rather than declining based on one single issue.

2. Identifying solutions not just challenges

Where complexities exist, we focus on how these can be mitigated, not simply declined.

This allows us to progress deals that may intially present challenges, by identifying practical solutions that reduce risk and improve overall fundability.

3. Flexible structuring of airspace deals

We structure each deal around the project itself, rather than applying a one-size fits all approach.

This allows us to tailor the funding to suit the airspace development, especially where there are more complex or non-standard elements.

4. Strengthening the transaction

Where required, we work with borrowers to enhance the overall strenght of the deal.

This may include additional security, revised structures or introducing experienced delivery partners, ensuring the project is posistioned approprtiately for funding.

How We Assess Airspace Development Finance

We focus on understanding how the project will be delivered in practice, not just how it performs on paper, assessing both the project fundamentals and the wider delivery strategy.

We consider:

Site and structural viability
Planning position and delivery route
Experience of the development team
Exit strategy (sale or refinance)
Ownership structure and legal complexity

Why Airspace Development Finance Is Considered ‘Complex’

Airspace development projects typically require a more flexible approach to funding due to structural, planning and ownership considerations.

Some of the common challenges include:

Structural requirements for additional floors
Planning sensitivity in urban locations
Leasehold or layered ownership structures
Disruption to existing occupied buildings

With our approach at BLG, we focus on how these airspace projects will be delivered in reality rather than relying on standard lending assumptions.

Risk management concept avoid, accept, reduce or transfer

How to Arrange Airspace Development Finance Funding with BLG

Discuss Your Airspace Development Finance Today

If you are planning a rooftop or airspace development, we can review your scheme and advise on potential funding options. Even if your project has been declined elsewhere, it may still be possible to structure a suitable solution.

Speak to our team today to discuss your airspace development and explore your funding options.



Share Your Project Details And Give Us A Call

If you’re interested in finding out if a development loan could work for you, simply share some details and get in touch. Our team of property finance experts will have a chat with you to see if we can help.



We’ll Find The Right Solution Together

Tell us about your project, and using our knowledge and experience, our team will work with you to create a customised solution that fits your goals. We’ll also walk you through the process, so you understand the next steps.



Get A Quick Answer

We’ll provide you with our heads of terms quickly. If they meet your needs, just send us a full application to proceed. From there, a credit review will take place, leading to an offer backed by our commitment.



Funds Are Released After Due Diligence

Once our verification process is complete (typically 6-8 weeks depending on the complexity), you can expect to receive your funds. Now you can get back to what you do best while we take care of the financing.

WHAT OUR CUSTOMERS SAY ABOUT US

"A challenging site like no other with every inch of the plot being built on and 12 apartments built-out through a driveway 2.5m wide off of a main high street with limited access rights, not to mention all the complexities associated with 13 Party Wall Agreements. Most lenders would not have had the vision for the scheme or the confidence in Spiller Builders to build out the scheme. I just wanted to say how helpful the entire BLG team have been during the build.

“We have used BLG for development finance for over 8 years. During that time we have found their knowledge and expertise in the property development industry to be second to none. Their loan process, pragmatic and flexible approach to lending and flexibility when required has supported our business needs throughout the period and provided us with support to deliver new homes in Bristol and the surrounding areas.”

“As property developers you never know the curve balls that you may get and a project that is great on paper may prove a bit more tricky. This happened to us on a project that BLG have funded and throughout they have supported us. Our business likes to be collaborative and when we hit those tough moments it really felt like we were working as a team with BLG. If you have a decent project you can get it funded, but what you really need is a business that is there to support and advise you as well. For us on this project it was BLG.”

“I approached BLG Development finance with an opportunity I had in Chesham, Buckinghamshire, to build 5 new build houses in 2021. My main contact was Anil Bains who is a Director covering Asset Management. Within very quick timescales, BLG provided me with indicative quotes in regards the finance levels they could offer me. Having considered those levels, I requested a valuation to be carried out which again was dealt with swiftly. We proceeded to completion. The build went very smoothly with monthly monitoring being carried out by BLG.“

"From our side it has also been a pleasure working with BLG and the team there. We have found you easy to deal with, proactive in resolving any minor issues that have arisen through the project and shown great flexibility in working with us as a partner. We will certainly like to work with you on future partners."

“I really appreciate your hard work. We really like the way you communicate & I must say I haven't seen many people who are that approachable.”

“A very efficient processing team, dealing with the DD once deal credit approved, through to completion”

“Many thanks for your efforts on this one and getting it approved and sorted so swiftly, very much appreciated. I am sure I will be speaking to your over the coming months.”

“We had other funding options, but chose to use BLG again, as we work well with the team, who always provide very clear information and advice with a friendly approach throughout the funding process. Very efficient and always very helpful.”

“Many thanks Anil, it’s been a real pleasure working with BLG so far. We’re lining up the next project too”

“We would recommend all staff we have dealt with at BLG, as we are very satisfied with the team and the initial offer/terms presented, then you and the funding team, through to the draw down team at valuation stage.”

“All documents are clear and the way you keep clients informed, all the way along the funding process, is refreshing for us”

“With regard to what should be improved at BLG, we work with many lenders in our business and we do not get the help and response we have had on the two projects with all at BLG on our funding for our developments.”

“We would particularly mention Dave Edwards and Tom Pitts as being central to having a smooth working relationship and being positive and helpful at all times. Their guidance in helping us navigate the project from inception to completion was invaluable. As was their patience, particularly at the beginning. We look forward to many future projects with the BLG team.”

“We would like to express our appreciation for your support on our development in Bristol. We were very pleased that, from the outset, you shared our vision of the project to convert a dated but classical building, that had outlived its usefulness as a school, into unique luxury apartments with views overlooking the city. We found our dealings practical and streamlined. Monthly payments were processed in an efficient and timely manner.”

“BLG are very good at communicating with clients and all documents are very clear and all at BLG are always happy to help.”

Tell Us How We Can Help

Call Now

Airspace Development Finance