Whether you are looking to purchase land with planning permission for commercial development or you already own the land and you are seeking finance for the build costs, we are here to help.
For most development deals there will be an initial drawdown of funds to allow the purchase of the land/property and then a series of additional drawdowns as the development progresses.
Whilst every deal is different, we can look to secure the following:
** Please note – build costs are paid in arrears so you will need to be able to fund the initial build costs from your own resources – the lender will then provide funding once the build has commenced.
** If you already own the land/property then we will be able to provide 100% of your build costs which will include a drawdown on Day 1 (based upon the value of the land you already own) and so it is very likely that you will not need to provide additional funds.
With commercial developments being viewed by lenders are more risky due to their specialist nature, there are times when the funders will require some of the units to be pre-let or pre-sold prior to any drawdown of funds. This is not always the case and if the lender can see that there is good demand for the properties then they may be willing to proceed without and pre-lets/pre-sales.
With our extensive knowledge of the commercial market we will be able to advise you on the best way to structure the deal and which lenders to approach in order to get you the best deal.
We have devised our own calculator which enables you to input the specific terms of your deal and see exactly how much the finance package will cost and how much profit you will potentially make on the deal. The calculator is on the Home page so please have a go – and if you need any help then give us a call.
With full market coverage we can arrange funding for commercial developments including:
Give us a call on 0116 464 5544 or email us (or see our contact page for full details). Unlike many other brokers, our team is available 9 am to 9pm 7 days a week.