We live in uncertain times.
From supply chain disruption to the Covid-19 pandemic, there are a lot of continually developing large scale situations right now which have substantial knock-on economic effects. We all want certainty and safety and even the biggest risk-takers will prefer a sure thing – especially when they’re putting large amounts of money on the line. In the Commercial Finance world, developers know this better than anyone. Long lead times can cause buyers to completely miss out on target properties, and right now almost all processes are being stretched out – and time, in these cases is often quite literally money. I’m optimistic about these situations improving over the next 6 months, but it’s very hard to predict exactly how things will change and when.
So how can Kind Commercial help? We work with a number of lenders who have recently streamlined their approaches, creating much faster paths to completion for many buyers, with delays kept to a minimum. While there are so many hurdles to overcome in the current environment, the demand for property continues to rise, and we’re proud to work with innovative lenders who are developing ways to adapt to the needs of the market in the face of adversity.
We also make sure to only work with lenders we trust to be honest and direct about potential issues, taking a proactive approach at the beginning to help give everyone involved realistic assessments of feasibility and working with our clients through the whole process from start to finish and into post-completion.
For the team at Kind Commercial, building strong, lasting relationships with lenders is essential. We have open, continual communications with lenders who we have developed a real bond with, making sure that all parties are being frequently updated for the full project lifecycle. We find that this traditional relationship-building approach, which is at the heart of all the work we do, adds huge amounts of value for customers, and enables us to provide an exceptional quality of service.
If you’re currently seeking a bridging loan, development finance or a commercial mortgage, get in touch with us today.