This option is also possible, and the rates are comparable to private bridge loan applications. Most lenders will ask for a personal guarantee from the company directors.
Many businesses incorporate a Special Purpose Vehicle limited company to manage property developments.
The lender will consider the development project, the value of the property, your deposit, and the credit record of the limited company as part of the regular assessment process.
However, the primary factor in a commercial development bridging loan is usually the viability of the development and how much the property is expected to be worth once work has finished. This valuation is the lender's security that the borrower will repay their debt.