Property development loans with BLG are a fast and flexible way for developers to finance house building projects across England, Scotland and Wales. These tailor-made loans for property development can be arranged with competitive terms and we speak your language, no matter whether you are an experienced large developer company or relatively new regional SME developer.
We have been lending since 2003 and our management team have a combined 250 years of experience in investment houses, financial companies, banking and real estate. As a principal lender specialising in property developer loans, BLG offer the following types of finance available:
Stretch Senior Development Finance
As a first charge debt, this financing option gives developers high Loan To Value (LTV) funding without the restrictions of low LTV borrowing typically imposed by high street lenders. These property development loans can be used to improve cash flow and provide the ability for developers to fund more than one development scheme at a time. Stretch Senior Development Finance is typically of a value between £500,000 and £10 million over a 12 to 24 month period.
Also known as a mezz loan, this second charge debt provides property developers with a method to top-up their level of finance for increased cash flow or to allow them to fund additional development projects. These building development loans usually have a value of between £500,000 and £3 million, with up to 90% loan to cost or 70% loan to GDV.
Joint venture and Equity Finance Loans
Providing up to 100% loan to cost for experienced property developers; this funding is normally structured with Venture Partners who invest through shares in a Special Purpose Vehicle or through a profit share agreement. Guarantees are required on cost overruns to protect return with this type of loan.
Loans for Property Developers
Loans for property developers through BLG are offered with fast lending decisions to enable property developers to move quickly and with the flexibility to counter unforeseen challenges. At BLG, we believe that each property developer loan creates prosperity and opportunities for our customers, partners and investors.
We are always available to discuss your loan for property development and we take the time to get to know our customers and their project. BLG is solutions driven and our ideas will lead to the bespoke property development finance that you are searching for.
To contact BLG to arrange or discuss property development loans, please call 0845 465 6500 or alternatively please send us a message and we will put you in touch with your nearest BLG Regional Director.