- Bridge/cash release facilities for complete or near complete developments
- Cash release for business purposes (ex. Funding a new development or refinancing mezzanine finance)
- Loans up to £3,000,000
- Funding up to 70% of the new completed valuation
- Maximum cash release £1,000,000.
Each application is assessed and negotiated on its individual merits but the following general criteria will apply:
- The development should have reached practical completion or be materially complete with NHBC/New Homes Warranty issued or near sign-off
- Funding may be held back to allow for minor snagging or completion works
- Individual houses/units should not exceed £1,000,000 in value
- Loans 100% secured as a first charge on the development property.
- Existing BLG customers – developers / house builders.
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 property development funding requirements.