BLG development finance update: Aug15

Over the last 12 months BLG’s New Business Team has been boosted with 4 new senior hires plus a dedicated Director based in Scotland. This larger team gives BLG true national coverage and this regional approach is starting to bear fruit.

Over the last few months we have funded numerous deals across a wide range of projects; at the time of writing this update, our largest scheme by number of units is for 60 apartments in the North of England but we have funded all manner of projects from the vanilla small development to much more complex structured deals.

The business is very well placed to take advantage of strong market conditions. The uncertainty which existed in the sector before the election has now gone and BLG are in a prime position to continue its growth. We are also now experiencing a high level of repeat business which is very encouraging and will stand us in good stead going forward.

BLG have significant funds to lend and are keen to do so. I have set myself and my team aggressive targets for the coming year. We look forward to funding more schemes by supporting our existing developer clients and welcoming new clients into the BLG family.

Perry Kurash, New Business Director

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