To assist with the development of commercial properties which are wholly or significantly pre-let and where the lease terms and tenant(s) quality are acceptable in terms of obligation and covenant.

CPF will consider providing finance for office, retail, industrial, leisure or mixed use development; the resultant investment should ideally be attractive to institutional purchasers.

We would generally expect repayment of the loan provided to come from a sale of the property or refinance within an agreed period post completion of the development. However, we can structure a loan to allow the developer to hold the property to first rent review.

The Recent Transactions page of this site provides examples of the type of commercial development opportunity considered.