Hope Capital has launched a loan tailored to developers looking to convert commercial buildings into residential or semi-commercial properties.
Full product details include commercial to residential conversions with up to 70% loan-to-value (LTV) at a rate of 0.92%, and commercial to semi-commercial conversions with up to 65% LTV at a rate of 0.95%.
Clients can also benefit from direct access to a decision maker, with loan amounts ranging from £100,000 up to £5m.
The product is designed specifically for light, medium, or heavy refurbishment projects, with up to 100% of build costs covered.
Dual representation is available for loans up to £750,000.
There are also no exit fees, and flexible payment options are offered, including deducted, fully serviced, part and part, and flexi arrangements. Loan terms range from three to 18 months.
Up to 100% of the purchase price is available when additional security is provided as either a first or second charge.
Electronic Know Your Customer (KYC) and Anti-Money Laundering (AML) verification are also included for streamlined processing.
Kim Parker, head of sales at Hope Capital, said: “Our latest commercial loan supports our ESG strategy by backing developers committed to sustainable practices.
“It also positions them strongly in a market where demand for affordable housing and mixed-use spaces continues to grow.
“On top of that, this type of investment offers key advantages, such as higher rental yields, alignment with market needs, and obtaining a smoother approval processes for construction works.
“Ultimately, this exclusive product provides a fantastic opportunity for our borrowers to capitalise on a higher LTV and rates which are significantly cheaper compared to standard commercial offerings in the market.”
