In this Q&A with Bridging & Commercial, Head of Development Finance Jake McCausland discusses what’s driving demand, what the lender has learned so far, and how it’s shaping future plans.
London Credit has completed a development finance facility to support the conversion of a former commercial block into six residential units and one commercial unit in South West London.
For commercial and semi-commercial borrowers, the 60bps rate reduction is intended to support larger, higher-value projects while keeping costs under control, while for residential borrowers, the sharper pricing is aimed at improving affordability and flexibility at a time when speed and certainty remain key priorities.
