- Provided to acquire a site or existing building for development
- Suitable when fast site completion is required to hold and enhance planning
- Loans up to £3,000,000
- Up to 60% LTV existing habitable buildings OR 50% LTV bare land with planning / derelict buildings
- Client required to make a capital contribution to the loan
- Valuation based on ‘Existing Use Planning’ and LTV calculated by BLG independent valuers
- Primary bridging exit plan is a BLG development loan.
Each application is assessed and negotiated on its individual merits but the following general criteria will apply:
- Residential developments: houses, flats, new build, conversions and mixed-use
- Projects located in England, Scotland and Wales in areas with strong demand
- Projects must have planning in place
- No restriction on the number of units
- Loans 100% secured on the development property.
- Experienced developers / house builders
- Must be a house builder with demonstrable track record.
How to apply:
We seek to be competitive on pricing and consider every project on its individual merits. Contact us to be put in touch with your local Regional Director, who will be happy to discuss your development funding requirements.