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Senior
Debt
Development
Finance

Reliable & Scalable Funding for Developers

A successful property development requires dependable funding that aligns with the scale, complexity and timeline of your project. At BLG, our senior debt development finance solutions are designed to provide exactly that – providing developers a clear and stable foundation to build on. Whether you’re working on a new residential scheme, a mixed-use development or a commercial build, our property development senior debt options offer the structure, flexibility and support you need to move with confidence from start to finish.

Learn more about our senior debt finance for property development rates or reach out to a member of our team today to discuss your project further, and see if you’re eligible for funding as soon as possible.

Senior Debt Finance Conditions

Our senior debt finance for property development offer:

Your Senior Debt Development Finance Application

Our role as a senior debt provider is to give you the scale of funding you need, structured around your development timeline and backed by expert support from day one. We understand that accessing property development senior debt can sometimes feel like a complex process – especially when time is short. That’s why we aim to simplify the journey.

Our senior debt development finance is designed to support a wide range of development projects across the UK. Whether you’re building from the ground up or repurposing an existing structure, we offer funding solutions tailored to your scheme’s specific needs.

  • Residential housing schemes – from small clusters of houses to large-scale residential communities

  • Mixed-use developments – combining residential, retail or commercial elements into a cohesive, marketable project

  • Purpose-built flats and apartments – including single-block builds and multi-phase developments

  • Office, retail or light industrial builds – where there is clear demand and strong exit potential through sale or lease

  • Conversions and refurbishments – transforming existing buildings into residential or commercial use, including listed properties or complex planning permissions

Each application is reviewed on its own merits, with flexibility around project type, location and borrower experience. If you’re unsure whether your scheme would qualify, get in touch and we’ll be happy to talk it through.

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.

Senior Debt Development Finance That Builds More Than Property

Here at BLG Development Finance, we believe great developments deserve great support. Our senior debt finance is designed to be as reliable, flexible and aligned with your project success as possible.

Whether you’re new to the industry, delivering your first large-scale project or are an experienced developer looking for a new funding partner, we bring the expertise and commitment you will need to help achieve your goals and beyond.

If you’re ready to discuss further how property development senior debt could support your next project, or simply want to learn more about how we might be able to help your business growth in different ways – our team is only a phone call or email away. Contact us today and let’s talk about building something great together.

Contact Us Today

    Senior Debt Finance for Property Development FAQs

    What is senior debt in development finance?

    Senior debt is the primary layer of funding used in a property development project. It usually covers the majority of the build and land costs and holds first-ranking security over the development site. In the event of a default, senior debt is repaid before any other funding layers.

    What can senior debt be used for?

    Senior debt can be used to fund land acquisition, construction costs, professional fees and associated development expenses. It’s suitable for residential, commercial and mixed-use schemes, including conversions and refurbishments.

    How is senior debt different from mezzanine finance?

    Senior debt typically provides the largest and most secure portion of the funding stack, while mezzanine finance is a secondary layer used to fill any funding gaps. Mezzanine sits behind senior debt in terms of repayment priority and often carries higher interest rates due to the increased risk.

    What qualifies as senior debt?

    To qualify as senior debt, the funding must be secured with a first legal charge over the development site and is typically used to cover the bulk of land and construction costs. It’s considered lower risk compared to mezzanine or equity funding due to its secured status and repayment position.

    What is the difference between senior debt and junior debt in development finance?

    Junior debt – often referred to as mezzanine finance – is a secondary loan that sits behind the senior debt in the capital stack. It typically carries higher interest rates due to the increased risk and is only repaid once the senior debt has been cleared. Developers may use both to reduce the amount of equity required, but it’s important to structure them carefully to ensure alignment between all parties.

    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. A very approachable and knowledgeable team, with a “can do” approach to lending. We will be looking to do more business with you for sure."

    “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 and monthly drawdown requests dealt with in a very timely manner. Due to a difficult time generally in the market in regards selling, I was in need of a six-month extension to the loan which again was appraised very quickly and granted. Having dealt with numerous funders over the last 20 years, I can only speak highly of my personal experience with BLG and would very confidently work with them again on any future projects. “

    "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.”

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