Key Product Features
- Lending to 60% Gross Development Value
- Loans from £1,000,000 to £5,000,000
- Build duration typically 12m to 24m
BLG provides commercial property finance to developers and business owners looking to build, convert, or renovate a commercial property. The lending market is geared to residential development finance, so the help of an independent finance broker is vital if you are to get the best terms.
We offer loans for commercial developments and projects located in England and Wales and areas with strong demand. There is no restriction on the number of units you intend to build, and loans are 100% secured on the development property.
BLG can support your commercial developments with finance for both commercial and mixed-use developments.
How much commercial property lending can I access?
Our commercial property finance offers:
- Lending to 60% Gross Development Value or 65% if pre-let
- Loans from £1,000,000 to £5,000,000
- Lending for build duration of 12m to 24m
Your monthly interest can be added to the loan, so you have no payments during the loan term.
Lending for first time commercial developers
We support commercial loans for first-time developers and can help you put the pieces in place you will need for your application. For a successful application, you should aim to reduce the lender’s risk by providing full details of the project and your team’s experience.
It is crucial to have an exit strategy plan. However, while most commercial development funding is provided where there is a pre-let or pre-sale in place, BLG will offer speculative commercial development funding on specific property types and in certain areas.
Commercial property finance from BLG
BLG offers commercial development finance for building offices, industrial buildings, mixed commercial and residential buildings, and farm buildings. We provide commercial investment property loans for converting or refurbishing shops and pubs and purchasing land with commercial property planning in place.
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 01483 94 94 94, and we will put you in touch with your local Regional Director. We will be happy to discuss your funding requirements.