"Navigating the planning system and assembling sites carries an additional level of expertise, and by acknowledging this, we have been able to tailor a funding solution to fit, working closely with Nick at Bluechip"
- David Alcock - Blend
Specialist development finance lender, BLEND, has announced that it has supported a local developer with a £4.2m facility to deliver a 5-unit housing scheme on the Dorset coastline.
The scheme sits in a unique location and enjoys uninterrupted panoramic views of Bournemouth Bay, the Solent and the Isle of Wight. The site was assembled by the developer and taken through planning, significantly enhancing the value, which BLEND were able to recognise.
Over the past few months, BLEND has funded a variety of residential development schemes which have required tailored funding solutions either due to the complexity of the project, equity contribution or one of the many other factors requiring a specialist lending approach.
In conjunction with supporting developers getting homes built, BLEND is also working with borrowers at both ends of the development cycle, securing buildings with planning plays on the way in and developer exits on the way out, all under one roof.
“It’s great to be able to support local developers who really understand their market and are delivering what buyers are looking for," comments David Alcock MRICS, MD at BLEND, "Navigating the planning system and assembling sites carries an additional level of expertise and by acknowledging this we have been able to tailor a funding solution to fit, working closely with Nick at Bluechip. I’m looking forward to seeing the finished homes in what is an enviable location.”
Nick Roberts, Director at Bluechip Financial Ltd, added, “Bluechip Financial approached BLEND with an existing client who had assembled this site over a period of time. They had decided to redevelop the asset after obtaining a well-designed planning approval,"
"Bluechip have worked with numerous development finance providers over the years, and I am pleased to say BLEND were a pleasure to deal with and provided a facility that was Bespoke to the client’s requirements. Thanks to David and his team for providing a fantastic service to us and our clients.”
