Independent Chartered Surveyors
& Commercial Property Agency
Regulated by RICS
28/07/2014 14:21

Funding for commercial property acquisitions in Yorkshire remains challenging but the situation is improving. We have, for example, recently sold a mixed investment (retail and residential) property in Bradford where the buyer obtained funding from Lloyds Banking Group. Other mainstream banks are also showing willingness to lend on commercial property if the criteria are right.

 
Owner-occupier sales are proving to be one of the easiest deals to fund, and this can include those run as an income – producing businesses, such as serviced office complexes run as business centres, where the Landlord provides a wider ranging offer to occupiers than normal. We recently agreed the sale of an industrial property in Bradford where the buyer will be an owner-occupier, with funding from Lloyds Banking Group (subject to valuation).

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