A Fast Source Of Finance
What is a commercial bridge loan?
There are a variety of forms of bridging loan, including residential bridging loans, refurbishment bridge loans and commercial bridging loans.
A commercial bridging loan is a source of funding for a commercial purpose. There is no cap on the amount that can be borrowed and there is a maximum term of 12 months.
They often help a company purchase an investment property or an office building. A bridging loan is ‘commercial’ if the property or land it is purchasing is more than 40% commercial. An example would be an apartment building with ground-floor retail units making up more than 40% of the property’s total floor space.
What does Bridging Financing fund?
Why choose bridging finance?
What things do you need to consider?
Deposit
most commercial bridging loans require a 25% to 35% deposit – or more if the deal is seen as higher risk. You could potentially get a 100% loan by putting up other assets or properties as security.
Exit strategy
you need to demonstrate a clear and robust strategy for repaying the loan in a set timeframe. If you have a credible, low risk plan in place you will get better interest rates on the loan.
Open or closed
You can get funds fast. We have completed Bridging Loans for clients within days. We work with all lenders, have access to exclusive products. We are ethical brokers and will only put you in a bridge if we know we can get you out of a bridge.