When you are planning for expending business, most probably a construction of commercial property is on the top of the list. And you start looking around for funds as you would like to utilize your own finance elsewhere in the business. Commercial construction financing comes handy in such a condition.

So if you are thinking of constructing a property like an office building, retail shops or shopping complex, motels, apartments and so on or even making improvements, you can easily apply for commercial construction financing. The construction of commercial properties requires huge amounts. So, commercial construction finance providers ensure that the borrower secures the finance. Usually the very land on which the construction is to be done is accepted as collateral of commercial construction financing. On the basis of collateral and equity in it the lenders usually offer a commercial construction loan anywhere from £25000 to £1000000. The loan amount depends on the type of commercial property as the lenders would like to see the income being generated by the property and further possibilities. With security of the loan in place, lenders are in a position of charging a lower interest rate on commercial construction financing.