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Commercial Development Finance

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Get Commercial Development Funding for Your Project

We provide commercial development finance for professional developers and intermediaries across the UK. We fund the construction, conversion and refurbishment of diverse property types.

Our loans range from £1 million to £15 million, supporting both speculative and pre-let schemes. Every facility is structured by experienced commercial development finance lenders who understand how real projects are delivered.

Every commercial scheme has its own structure, risk profile and goals. We take the time to understand your plans, funding needs and exit strategy before creating a solution that fits.

Our Commercial Development Loan Criteria

Criteria
BLG Terms
Loan size
£1 million – £15 million
Maximum loan to value (LTV)
Up to 65% of GDV (up to 70% if pre-let or pre-sold)
Loan to cost (LTC)
Up to 85% of total project costs
Term length
Up to 24 months (extensions possible for phased schemes)
Interest
Rolled up and payable on repayment (no monthly payments)
Security
First legal charge over the development property

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    24 months

    Loan term up to 24 months

    65%

    Lending to 65% Gross Development Value including interest

    £15,000,000

    Loans from £1,000,000 to £15,000,000

    Arranging All Kinds of Commercial Property Development Finance for Intermediaries and Developers

    We support a wide range of commercial property development finance needs, from redevelopment of existing buildings to full ground-up construction. Typical project types include:
     

    • Office developments and multi-tenanted building conversions
    • Retail and mixed-use refurbishments
    • Industrial and logistics units
    • Leisure and hospitality properties (including pubs, gyms, restaurants and hotels)
    • Rural and agricultural conversions
    • Pre-let and pre-sold projects
    • Speculative developments
    • Occupied or vacant assets

    How to Apply for a Commercial Development Loan

    Share Your Project Details And Give Us A Call

    If you’re interested in finding out if a development loan could work for you, simply share some details and get in touch. Our team of property finance experts will have a chat with you to see if we can help.

    We’ll Find The Right Solution Together

    Tell us about your project, and using our knowledge and experience, our team will work with you to create a customised solution that fits your goals. We’ll also walk you through the process, so you understand the next steps.

    Get A Quick Answer

    We’ll provide you with our heads of terms quickly. If they meet your needs, just send us a full application to proceed. From there, a credit review will take place, leading to an offer backed by our commitment.

    Funds Are Released After Due Diligence

    Once our verification process is complete (typically 6-8 weeks depending on the complexity), you can expect to receive your funds. Now you can get back to what you do best while we take care of the financing.

    Get in Touch to Arrange Commercial Development Finance

    Get in Contact Today

    Our experienced team is ready to discuss your commercial property development project and guide you through the process. Share your plans with us and we’ll help you find the right funding solution.

    Contact Us
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    Or if you have a relationship with one of our team members, visit our Meet the Team page to source their contact details directly.

    Who We Lend To

    Our list of commercial property finance clients is diverse and indicative of our supportive approach:

    • Specialist developers
    • Regional property companies
    • Owner-occupiers
    • Experienced contractors and joint venturers
    • Intermediaries and brokers

    Our decisions are based on the project’s fundamentals, not formulaic constraints. We assess borrower experience, market strength and exit strategy before structuring flexible commercial development funding that works in practice.

    Frequently Asked Questions

    What Is Commercial Development Finance?

    Commercial development finance is a form of financing that is used to fund the costs associated with the construction, development, or renovation of commercial properties. It includes loans, grants, and other forms of public and private financing.

    Who Typically Uses Commercial Development Finance?

    Commercial development finance is often used by developers and investors who are in the process of purchasing, constructing, or renovating a commercial property. It can also be used by businesses that need funding for business expansion and renovation projects.

    What Types Of Projects Can I Use Commercial Development Finance For?

    Commercial development finance can be used to fund the development of a variety of different types of commercial real estate projects, including office blocks, shopping centres, apartment blocks, and industrial parks.

    How Does Commercial Property Development Finance Work?

    Commercial property development finance works by providing a loan to the borrower based on their anticipated future revenue from the project. The loan is typically drawn down in stages as different milestones of the project are completed and to cover the development costs, such as the purchase of land, construction, and other associated costs.

    What Is The Cost Of Commercial Development Finance?

    The cost of commercial development finance depends on a variety of factors, including the size and complexity of the project, the lender’s risk appetite, and the borrower’s creditworthiness.

    Do I Need Planning Permission To Get Commercial Development Finance?

    Yes, you will usually need to submit for planning permission before you can apply for commercial development finance. Any offer would then be subject to obtaining the planning permission. Any variation in the final planning approval would then potentially require a change in any loan offer. Obtaining planning permission is a lengthy process that involves submitting an application to the local authority and meeting local government regulations. It is important to ensure that your project has been properly planned and that you meet all the necessary requirements before applying for finance.

    WHAT OUR CUSTOMERS SAY ABOUT US

    "A challenging site like no other with every inch of the plot being built on and 12 apartments built-out through a driveway 2.5m wide off of a main high street with limited access rights, not to mention all the complexities associated with 13 Party Wall Agreements. Most lenders would not have had the vision for the scheme or the confidence in Spiller Builders to build out the scheme.  I just wanted to say how helpful the entire BLG team have been during the build.

    “We have used BLG for development finance for over 8 years. During that time we have found their knowledge and expertise in the property development industry to be second to none. Their loan process, pragmatic and flexible approach to lending and flexibility when required has supported our business needs throughout the period and provided us with support to deliver new homes in Bristol and the surrounding areas.”

    “As property developers you never know the curve balls that you may get and a project that is great on paper may prove a bit more tricky.  This happened to us on a project that BLG have funded and throughout they have supported us.  Our business likes to be collaborative and when we hit those tough moments it really felt like we were working as a team with BLG.  If you have a decent project you can get it funded, but what you really need is a business that is there to support and advise you as well.  For us on this project it was BLG.”

    “I approached BLG Development finance with an opportunity I had in Chesham, Buckinghamshire, to build 5 new build houses in 2021. My main contact was Anil Bains who is a Director covering Asset Management. Within very quick timescales, BLG provided me with indicative quotes in regards the finance levels they could offer me. Having considered those levels, I requested a valuation to be carried out which again was dealt with swiftly. We proceeded to completion. The build went very smoothly with monthly monitoring being carried out by BLG.“

    "From our side it has also been a pleasure working with BLG and the team there. We have found you easy to deal with, proactive in resolving any minor issues that have arisen through the project and shown great flexibility in working with us as a partner. We will certainly like to work with you on future partners."

    “I really appreciate your hard work. We really like the way you communicate & I must say I haven't seen many people who are that approachable.”

    “A very efficient processing team, dealing with the DD once deal credit approved, through to completion”

    “Many thanks for your efforts on this one and getting it approved and sorted so swiftly, very much appreciated. I am sure I will be speaking to your over the coming months.”

    “We had other funding options, but chose to use BLG again, as we work well with the team, who always provide very clear information and advice with a friendly approach throughout the funding process. Very efficient and always very helpful.”

    “Many thanks Anil, it’s been a real pleasure working with BLG so far.  We’re lining up the next project too”

    “We would recommend all staff we have dealt with at BLG, as we are very satisfied with the team and the initial offer/terms presented, then you and the funding team, through to the draw down team at valuation stage.”

    “All documents are clear and the way you keep clients informed, all the way along the funding process, is refreshing for us”

    “With regard to what should be improved at BLG, we work with many lenders in our business and we do not get the help and response we have had on the two projects with all at BLG on our funding for our developments.”

    “We would particularly mention Dave Edwards and Tom Pitts as being central to having a smooth working relationship and being positive and helpful at all times. Their guidance in helping us navigate the project from inception to completion was invaluable. As was their patience, particularly at the beginning. We look forward to many future projects with the BLG team.”

    “We would like to express our appreciation for your support on our development in Bristol. We were very pleased that, from the outset, you shared our vision of the project to convert a dated but classical building, that had outlived its usefulness as a school, into unique luxury apartments with views overlooking the city. We found our dealings practical and streamlined. Monthly payments were processed in an efficient and timely manner.”

    “BLG are very good at communicating with clients and all documents are very clear and all at BLG are always happy to help.”

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