Hope Capital has introduced a loan aimed at developers who want to convert commercial buildings into residential, or semi-commercial, properties.  

The specialist short-term lender says the exclusive loan has a flat rate of up to 70% loan to value at 0.92%, a reduction from the lender’s previous commercial rates, which began at 1.09%. 

It adds the offer is aimed at 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”. 

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 £100,000 to £5m 

• Designed for light, medium, or heavy refurbishment projects 

• Up to 100% of build costs covered  

• Dual representation up to £750,000 

• No exit fees 

• Flexible payment options including deducted, fully serviced, part & part and flexi   

• 3-to-18-month term  

• Up to 100% purchase price is available with additional security as a first or second charge 

Hope Capital head of sales Kim Parker says: “Our latest commercial loan supports our environmental, social, and governance 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 smoother approval processes for construction works.”