Specialist Light Industrial Finance in Boston

Light Industrial Finance arranges funding for industrial units, workshops and multi-let estates across Lincolnshire. Whether you are buying a unit for your own business, refinancing a multi-let estate, or funding a yard, a trade counter or a refurbishment, we model the deal for your Boston property and place it with the right lender. Boston sits in Lincolnshire, within the East Midlands industrial market.

Lenders underwrite a Boston industrial deal on its own fundamentals first, the rent roll or the trading business, the tenants, the unit and the borrower, then test it against the wider market. Multi-let rents in the region average around £8.09/sq ft (East Midlands multi-let average, Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024), with prime East Midlands estates at £13/sq ft (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024) and prime equivalent yields around 5.25% (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024).

How much you can borrow against Boston industrial property

On an industrial investment in Boston, a commercial mortgage usually reaches around 65 to 70 percent of value, so you would budget for equity of roughly a third of the price plus stamp duty and costs. The figure is driven by the quality of the income, the tenants, the unexpired lease terms and the condition of the unit, not the postcode. Vacant or part-let property is funded differently: bridging finance secures an auction purchase or a unit awaiting letting, typically to around 70 to 75 percent of value from around 0.75 percent per month, and development or refurbishment finance funds works to around 65 to 75 percent of cost, with mezzanine stretching the stack where the scheme supports it. Interest rates depend on the lender, the leverage and the income profile, so we quote them deal by deal rather than as a headline rate. We size the right facility, rate and equity requirement for your Boston deal.

The East Midlands industrial market

Boston is a smaller or emerging industrial market within East Midlands, where the strength of the individual unit, its occupier evidence and the borrower carry the financing. Lenders look closely at re-letting depth and the exit, and bridging or development finance often fits better than a long-term commercial mortgage until the income is proven.

Better known for big sheds around East Midlands Airport, the region also runs a deep multi-let market across Nottingham, Leicester, Derby and Northampton with prime rents of £13.00 per sq ft.

Prime multi-let rents sit at £13.00 per sq ft across Nottingham, Derby, Leicester and Northampton, and the regional all-grades average of £8.09 actually runs ahead of the West Midlands (Gerald Eve, Q3 2024). Trade counters take 26.9 percent of occupied space, the highest share in England, and the big-shed cluster around East Midlands Airport feeds a long tail of small-unit servicing and sub-contractor demand. The region had a quarter of its 948,000 sq ft pipeline under construction at end-2024, more than most regions manage. At a 5.25 percent prime equivalent yield the pricing matches the North West, and entry lot sizes suit first-time estate buyers. We arrange acquisition and refurbishment finance across the three cities and the A45 corridor, where owner-occupiers and SME investors compete for the same stock.

Market commentary and figures for East Midlands are drawn from Gerald Eve (a Newmark company) (Multi-Let, Winter bulletin, 2024).