Getting the funding you need for your commercial development from a traditional lender may seem like the best option available; however, traditional lenders’ application process may cause more stress and delay than it’s worth.
Traditional lenders such as high street banks will often require an in-depth review of the applicant’s portfolio; to check that the applicant has the necessary experience. If you are new to commercial development or you have a small amount of experience, then your application to a traditional lender will be unsuccessful.
Not only are traditional lenders’ application processes rigid, but they often take a long time to turnaround. Typically, traditional lenders' applications take several weeks or even months to process. This may put a halt on your commercial development project and affect your profits significantly.
If you need commercial development finance, then we can help. Through our relationships with specialist lenders, we can secure the best financial solution to suit your set of circumstances.
Commercial development finance can be utilised for any property with a commercial purpose. You could use commercial development finance if you intend to develop on the following:
The amount that specialist lenders are prepared to provide will depend on a number of factors including:
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