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 commercial development loans for projects located in England, 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.
Commercial Property Lending Limits & Conditions
Our commercial property finance offers:
- Lending to 60% Gross Development Value or 65% if pre-let
- Loans from £1m to £5m
- 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.
Your Commercial Property Finance Application
We support commercial development loans and can help you put the pieces in place you will need for your application. For a successful commercial property development finance 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 lending is provided where there is a pre-let or pre-sale in place, BLG will offer speculative commercial development finance on specific property types and in certain areas.
Commercial Property Development Finance From BLG
BLG offers commercial development finance for building offices, industrial buildings, mixed commercial and residential buildings, and farm buildings. We also offer commercial property lending 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 offering a tailored approach for each project. If you are considering 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.