Specialist short-term lender, Hope Capital has revealed a brand-new loan tailored to developers looking to convert commercial buildings into residential or semi-commercial properties.

The new loan is available to borrowers who would like to take advantage of exclusive, flat rates, up to 70% LTV at 0.92%, a reduction from the lender’s previous commercial rates, which began at 1.09%.

Tailored to boost properties in prime urban areas, by repurposing existing commercial buildings which provides significant cost savings compared to having to tear down and build from scratch, full product details include:

• Commercial to residential conversions: 70% LTV at 0.92%
• Commercial to semi-commercial conversions: 65% LTV at 0.95%
• Direct access to a decision maker
• Loans from £100k up to £5m
• Designed specifically for light, medium, or heavy refurbishment projects
• Up to 100% build costs covered
• Dual representation up to £750k
• No exit fees
• Flexible payment options including deducted, fully serviced, part & part and flexi
• 3-18 month term
• Up to 100% purchase price is available with additional security as a 1st or 2nd charge
• Electronic KYC & AML verification

Kim Parker, Head of Sales at Hope Capital, commented: “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.”