- Available for mixed use and commercial developments.
- Loans up to £5,000,000
- Lending to 60% GDV, not exceeding 80% of the refinance offer including interest and costs
- Client to have exit strategy with either a pre-sale or a refinance offer
- Pre-lets to be in place on the developed space, generally +5 years in duration.
Each application is assessed and negotiated on its individual merits but the following general criteria will apply:
- Commercial developments
- Projects located in England, Scotland and Wales in areas with strong demand
- No restriction on the number of units
- Loans 100% secured on the development property.
- Experienced developers / commercial builders
- Demonstrable track record.
How to apply:
We seek to be competitive on pricing and consider every project on its individual merits. If you are considering a commercial property loan or a commercial development loan, call us today on 0845 465 6500 and we will put you in touch with your local Regional Director. We will be happy to discuss your funding requirements.