Commercial development finance
Funding for commercial, industrial and mixed-use schemes, structured through construction and, where relevant, into the letting or investment period that follows.
What is commercial development finance?
Commercial development finance funds the construction of non-residential space — industrial and logistics units, offices, retail, and mixed-use schemes with a commercial element. Underwriting weighs pre-lets, letting evidence and end-investment demand more heavily than residential schemes, where sale comparables carry more weight.
Where a scheme is built to hold and let rather than sell, we structure the facility with the letting-period exit in mind from the outset, including how it transitions to term investment debt.
Who it's for
Developers building industrial, logistics, office or retail space.
Mixed-use schemes with a commercial ground floor or podium.
Developers building to hold and let rather than sell on completion.
How it works
Eligibility
Full or detailed planning consent preferred. Pre-lets, letters of intent, or clear evidence of end demand for the asset class materially improve terms, particularly for speculative commercial schemes.
Costs
Rate and fees reflect asset class, pre-let status and scheme size. Speculative (non-pre-let) schemes typically carry a rate premium over pre-let schemes. Indicative figures — subject to status, valuation and lender criteria.
When to use commercial development finance vs. the alternatives
Questions on commercial development finance
Do I need a pre-let to get commercial development finance?
No, but pre-lets or strong letting evidence materially improve leverage and pricing; speculative schemes are funded but typically at more conservative terms.
Can the facility roll into long-term investment debt once let?
Yes — where the plan is to hold and let, we structure the exit alongside the development facility so refinancing onto term investment debt is straightforward.