Available up to 70% LTGDV, stretchable to 75% LTGDV through BLEND’s mezzanine partnership, the change follows the recent rate reduction on its development exit and refurbishment loans to 0.84% per month.

“Our development finance product has matured over the years, and it has never been stronger,” said Yann Murciano, CEO at BLEND (pictured above).

•   The Finance Professional Show 2024: The Video
•   Roxana Mohammadian-Molina departs BLEND
•   BLEND funds Somerset conversion with £1.5m

“We have built our reputation on doing what we say we will do. In a market where some lenders have offered aggressive terms only to later increase pricing, reduce LTGDV, or add covenants, BLEND has consistently delivered on its promises.”

Yann added that certainty of funding is not just a slogan at BLEND but the result of a deliberate long-term strategy. While the company has sometimes lost projects to competitors who over promise but under deliver, it has gained the trust of developers who value reliability, he said.

“Our team moves quickly to visit sites, meet developers, and understand each project in detail,’’ he said.

“Development finance is not just plugging numbers into a spreadsheet; it is about truly understanding the scheme.”