Project Finance
Limited-recourse funding for infrastructure, energy and development projects.
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Commercial Real Estate
Investment and development finance secured on commercial property.
Overview
Lending against offices, industrial, retail, mixed-use and specialist assets. We underwrite the tenant covenant and the lease structure as carefully as the bricks, because that is what actually services the debt.
Eligibility at a glance
- Loan-to-value typically to 70% for investment, 65% of GDV for development
- RICS Red Book valuation required
- Demonstrable experience in the asset class for development lending
- A credible and evidenced exit strategy
What you get
The detail that matters.
Investment facilities
Against income-producing assets, sized on interest cover and rental income.
Development finance
Drawn in tranches against certified progress, with a defined exit.
Refurbishment
Light and heavy refurbishment including change of use.
Portfolio facilities
A single facility secured across multiple assets.
Questions
Answers before you ask.
Do you fund land without planning?
Rarely, and only at conservative leverage with a clear route to consent.
What interest cover do you require?
Generally 130% at the stressed rate for investment facilities, though this varies with the strength of the covenant.
Also relevant
Home Loans
Residential mortgages, remortgage and bridging, including cases the high street declines.
Learn moreReady to talk about commercial real estate?
Apply online in about ten minutes, or speak to a specialist first.
