Commercial property finance covers a range of lending products designed to help businesses purchase, develop, or refinance commercial premises.
Types of Commercial Finance
Commercial Mortgages Similar to residential mortgages but designed for business premises, commercial mortgages typically require a deposit of 25-40% and are available over terms of up to 25 years.
Development Finance For businesses looking to develop or convert property, development finance provides staged funding released as construction progresses.
Bridging Loans Commercial bridging loans offer short-term funding for commercial property transactions where speed is essential.
Key Factors Lenders Consider
When assessing commercial finance applications, lenders typically look at: - The property type and condition - Business trading history and financial performance - The borrower's experience and track record - The strength of the business plan or project
The Manchester Commercial Market
Manchester and the wider North West continue to see strong demand for commercial property across office, retail, and industrial sectors. This creates opportunities for businesses looking to invest in their own premises.
Getting Expert Help
Commercial finance can be complex, with many different products and lenders to consider. Working with a specialist broker can help you navigate the options and find the most suitable funding for your needs.