Flexible residential development finance with expert support
BLG residential development finance provides a bespoke financing solution for residential developers across England, Wales and Scotland. BLG, established in 2003, has the necessary experience to help residential developers overcome the boundaries that can be stipulated by the high street banks. As a solution driven organisation, our business is purely focused on helping you build.
BLG provides residential property development finance to house builders and developers on competitive terms. We promise to provide a lending decision quickly so that residential developers can move quickly to purchase and secure their site or, if the site is already owned, to begin the building works.
Residential property development loans are available on a first charge, second charge or joint venture basis:
Choose funding for your next project:
Stretch Senior Development Finance is a first charge debt that overcomes some of the barriers typically found with high street banks. BLG can typically arrange 65% of loan to GDV and 80% loan to cost plus with rolled-up interest included.
A first charge debt can be used to fund part of the land purchase cost, to fund the build, to improve cash flow or to free up the developer’s cash in order to fund an additional residential development.
Finance for property development
Our development finance will give you access to the money you need to fund your residential development scheme. Lending options exist for funding land purchases to building houses, flats, ecohomes, and mixed‐use buildings.
We finance property development for new builds and conversions across England, Scotland, Wales, and Northern Ireland. We can also give you access to top‐up funds or provide loans to build to let landlords.
Typically, borrowing for property development ranges between £1 million to £15 million or more. The release of funds can be staggered over the property development timeline, which is a financing option many developers prefer to take advantage of. The loan term usually has a duration of 12 to 24 months.
Development finance options from BLG
Whether you are looking for stretch senior development finance, super‐stretch development finance, commercial development finance, mezzanine development finance, or build to let development finance, BLG is ready to help.
BLG has a patient team of experts ready to help you access the development finance that you need.
We offer support from pre‐sale to purchase and completion. Our goal is to help you build, so contact our team today to find the right financing option to suit the needs of your individual scheme.