Ian Boden

LendInvest enhances commercial property products

LendInvest has announced changes to its commercial property products with rate and loan size updates.

The specialist property finance lender has increased the maximum term for its commercial bridging loans from 12 to 24 months.

It has also reduced the interest rates on these loans, with monthly rates now starting from 0.79%.

The commercial bridging product is aimed at borrowers wanting to fund the purchase of, extend the lease or refurbish a commercial property where the use will remain commercial.

LendInvest has also reduced the rates payable for a number of pre-construction finance products, with the minimum loan size also being cut from £1m to £75,000.

“All of our products are built with the borrower in mind, meaning we must be continually flexible about adapting product offerings and scrutinising our range to see where improvements can be made,” said Ian Boden, sales director at LendInvest (pictured above).

“Commercial-to-residential conversions are a very popular choice among borrowers for maximising the use of a property, while creating a large return on investment.

“Fine-tuning our approach to funding both same-use and conversion commercial projects is a result of listening to our borrowers and what works for them.”

To view the full updated product range, visit the LendInvest product guide.

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