Welcome to Hodge’s May Commercial Lending blog. This month Gareth Davies, head of business development for Commercial Lending looks ahead to the NACFB Commercial Finance Expo taking place on Wednesday 26th June at the NEC Birmingham.
Now in its 14th year, the NACFB Commercial Finance Expo is the UK’s largest intermediary-led trade show for commercial finance professionals and is a key date for us in the commercial lending calendar. At Hodge, we pride ourselves on the strong relationships we have with our brokers and clients, and exhibiting at the NACFB Expo provides a great opportunity to catch up with other lenders and many from the finance broking community.
At the 2023 NACFB Expo, we had lots of great conversations about the commercial lending industry, latest news and key developments so ahead of this year’s event, we thought we’d share a few of our most asked questions…
Q – I thought you just did equity release mortgages at Hodge?
A – Hodge was a founding member of the Equity Release trade body, and we launched the first plan in 1965. In 2021 we moved away from equity release mortgages but remain a specialist lender for regulated mortgages but also provide unregulated mortgage products. Our commercial lending offering is built around bespoke bridging, development and investment finance options to support both property investment and development clients and brokers.
Q – What level of Development Finance does Hodge offer?
A – Tailored development finance solutions are a fundamental part of our commercial business, and we can fund developments across England, Scotland and Wales across multiple asset classes. We lend to experienced developers offering funding facilities from £1.5m up to a maximum of £10m with development terms up to 2 years.
The majority of our development finance is residential although we also fund commercial (including offices, industrial, and retail) with a pre-let or pre-sale. In addition, we can provide Stretch Senior Finance, providing access to additional leverage alongside a Hodge development facility.
More details about our Development Finance and Stretch Senior products can be found here
Q – Does Hodge provide Short Term Finance?
A – Yes. If you are seeking to purchase, or own, property or land that has a residential planning consent then we would be delighted to help. We have several complementary short term finance products that provide clients with the opportunity to purchase land or property, with or without planning consent prior to developing out a scheme or refurbishing an existing property.
Come and find us!
If you’re attending the NACFB Expo next month, please stop by for a chat to discuss how we can support you or your clients with your next project - you’ll find us on stand W07 from 9am.
If you’d like to speak to us before then please get in touch with the commercial lending team or email us at [email protected]