Commercial Bridging Loans 2018-06-15T11:01:31+00:00

Commercial Bridging Loans

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What is a Commercial Bridging Loan?

Commercial bridging loans are, as their name suggests, bridging loans that are secured against commercial property. They are used, as with other types of bridging loans to secure funds quickly to purchase, or release funds from a property.

For instance, if you are looking to purchase a commercial property under auction conditions and must complete in 28 days, a commercial mortgage would be almost impossible. A commercial bridging loan would be used to fund the purchase on time.

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Latest Commercial Bridging Finance Offers

View some of the latest commercial bridging finance on offer from major lenders.

Product BL0011 - Apply Now
Interest Rate
0.65%
Lender Fee
2%
Max LTV
50%
Security Type
Commercial
Min-Max Loan
£250,000 - £3,000,000
Max Term
24 Months
Regulated Accepted?
No
Product BL0014 - Apply Now
Interest Rate
0.75%
Lender Fee
2%
Max LTV
55%
Security Type
Mixed Use & Commercial
Min-Max Loan
£100,000 – £5,000,000
Max Term
18 Months
Regulated Accepted?
No
Product BL0021 - Apply Now
Interest Rate
0.85%
Lender Fee
2%
Max LTV
65%
Security Type
Mixed Use & Commercial
Min-Max Loan
£100,000 – £5,000,000
Max Term
18 Months
Regulated Accepted?
No
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Criteria

Below are the main criteria points to consider when taking out commercial bridging finance.

1Up to 75% Loan to Value (or 100% with additional security).
2Property in a poor state of repair considered.
3Rates from 0.65% per month.
4Loans from £25,000 with no maximum loan size.
5Borrow from 1 month up to 24 months.
6Any security considered.
7Interest can be rolled into the loan.
8Loans with no early repayment charges available.
9We will consider any exit route.
10Refurbishment or conversion accepted.
11Adverse credit accepted.
12Loans available throughout the UK.

How Much Can I Borrow?

Commercial bridging loans are usually available up to a maximum of 75% of the property’s value. Our minimum loan is only £25,000 and we don’t have a strict maximum loan, meaning we can fund practically any loan.

How Much Will It Cost?

Commercial bridging lenders tend to price each loan on risk. They will look at the type of property, location and you as the client. The best commercial bridging rates usually start at around 0.65% per month.

As a guide, an interest rate of 1% per month is a good benchmark. For a riskier deal, such as an unusual property or a client with heavy adverse credit, rates will be around 1% – 1.75% per month.

Most commercial bridging finance lenders charge a lender fee, usually 2% of the loan amount. In some cases, lenders also charge an exit fee, this tends to be 1% of the loan amount, or 1 month’s interest. These fees can usually be added to the loan.

How Long Do They Take to Complete?

We can complete commercial bridging loans the same day, if all information, including the valuation and legal pack is completed and satisfactory.

Generally, it is worth allowing between 5 days and 3 weeks to complete your commercial bridging loan, to allow for any unforeseen delays.

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