COMMERCIAL DEVELOPMENT FINANCE

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

CPF will consider providing finance for office, retail, industrial, or mixed use developments.

We would generally expect repayment of the loan provided to come from the 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 if necessary.

LENDING CRITERIA

When considering such loans, emphasis is placed on the project and management team employed to deliver it and a very significant element of our lending is non-recourse.

So long as the lease terms and tenant quality are acceptable, then we will generally lend 70% or in some cases a little more of the resultant investment value for pre-let commercial developments.