Are you in search of a loan for your commercial development project?
BLG specialises in offering commercial property financing solutions tailored to the needs of developers and business owners engaged in the construction, conversion, or renovation of commercial properties. Our comprehensive range of commercial development loans is available for projects located in England, Wales, and areas exhibiting robust demand.
One notable advantage of partnering with BLG is that we place no restrictions on the number of units you intend to create within your commercial development. This flexibility arises from the fact that our loans are fully secured, with a 100% collateral position on the development property, ensuring a solid financial foundation for your project.
Whether your commercial development encompasses mixed-use properties or fully dedicated commercial ventures, BLG is well-equipped to provide the necessary commercial property finance to propel your project forward. Our commitment is to empower you with the financial resources and support needed to bring your commercial vision to fruition.
Build duration typically between 12 and 24 months
Lending to 65% Gross Development Value
Loans from £1,000,000 to £10,000,000
Commercial Property Lending Conditions
Our commercial property finance loans offer:
- Lending to 65% Gross Development Value or 70% if pre-let.
- Loans from £1m to £10m.
- Lending for build duration typically of 12m to 24m, but longer terms can be considered.
- Your monthly interest can be added to the loan, so you have no payments during the loan term.
Your Commercial Property Finance Application
We specialise in assisting clients with their commercial development loan needs, offering comprehensive support in assembling the essential elements required for a successful application. When seeking commercial property development finance, one key strategy to increase your chances of approval is minimising the lender’s perceived risk. Achieving this entails furnishing a thorough project dossier, complete with detailed information about the project itself and the experience of your team.
A critical aspect of your financing approach involves having a well-thought-out exit strategy. While it’s common for commercial development financing to be contingent on pre-lease or pre-sale agreements, BLG stands out by extending speculative commercial development finance options for specific property types and in select geographical regions. This means that even if you don’t have pre-existing lease or sale commitments in place, you may still have access to the funding you need to bring your commercial development aspirations to life.
Our goal at BLG is to provide you with the financial resources and expertise necessary to navigate the complexities of commercial development loans successfully. By proactively addressing risk factors, offering flexible financing solutions, and considering speculative projects, we aim to be your trusted partner in realising your commercial property development ambitions.
Commercial Property Development Finance From BLG
BLG extends a comprehensive array of commercial development finance solutions catering to various property types, including offices, industrial buildings, mixed-use commercial and residential structures, and farm buildings. Additionally, we offer property lending support for the conversion or refurbishment of shops and pubs, as well as land acquisition with existing commercial property planning in place.
Our commitment to providing competitive pricing in the realm of commercial property finance is unwavering. As a result, we approach each project individually, customising our financing solutions to align with the unique requirements of each endeavor. We understand that every project has distinct characteristics, and our tailored approach ensures that your financing package is optimised for success.
Should your financing needs extend beyond the realm of commercial properties, such as office blocks, shopping centers, apartment complexes, and industrial parks, rest assured that BLG also offers residential development finance. This residential financing segment encompasses four categories: stretch senior, build to let and mezzanine development finance. Contact a BLG to gain deeper insights into how we can support and enhance your next project, regardless of its nature. Your success is our priority.
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.