Average reductions are 0.30% for trading businesses and 0.20% for commercial investment deals.

The facility allows the client to implement a long-term asset management strategy in the first year.

The funding supports up to five new office schemes under review across the South East and around Stansted Airport.

The refinancing follows the completion of the scheme in 2024.

8 Park Row spans 43,757 sq ft and is fully let to six tenants.

Last month, the lender completed an £8.28m facility to support the acquisition and preparatory works for a landmark development site in central Manchester.

Loan structured at 65% LTV over a nine-month term.

A rise in housing transactions is offsetting a slowdown in commercial property deals, according to Octane Capital.

Funding was structured in two stages, covering pre- and post-planning approval work.

UK commercial real estate lending reached £22.3 billion in H1 2025, 33% higher than last year.