Commercial Bridging Loan
A Commercial Bridging Loan is a short-term loan secured on residential or commercial property, which is purchased with the intention of selling for profit or renting. It is a commercial loan (for business purposes) and therefore does not qualify as regulated by the FCA.
Commercial Bridging Loans like this can be arranged in days (sometimes hours) and there is a large number of lenders in this market place. All lenders have their own lending appetite, pricing and terms.
A Commercial Bridging Loan is usually more expensive than a standard term loan or mortgage, but should only be used on a short term basis of 12 ~ 24 months. You are paying for speed, convenience, certainty and reduced stress. A loan arranged quickly can put you in pole position to secure a great deal and defeat the competition from other buyers to secure a great opportunity.
Key Features of a Commercial Bridging Loan:
- Loans from £25,000 to £10,000,000
- Personal name or Limited Company
- Loan to value up to 70% (100% with additional security)
- Secured on commercial or residential property
- Monthly interest, rolled-up or retained options
- Terms from 12 to 24 months
- All credit profiles considered
- Receive funds quickly, usually in weeks and sometimes in days.
Commercial Bridging Loan common uses
A Commercial Bridging Loan can be a very useful and convenient finance option to help you on a short term basis. Here are some of the most common uses for a Regulated Bridging Loan:
- Refurbish & Flip: Purchase a property to refurbish and then sell
- Buy before you sell: Purchase a Buy to Let or Commercial property before selling
- Auction Purchase: Buy a property at Auction
- Capital Raise: Raise money quickly for business use or tax bills
- Land without planning: Purchase land prior to getting planning permission
Contact us
About us
First Select Bridging Loans are friendly and professional FCA regulated mortgage brokers. We can access mortgages from the whole of the UK mortgage market, meaning we can get the best possible deal for our clients circumstances. Based in Manchester, we are a family business with decades of experience in financial services. Our goal is to be the most trusted regional mortgage advisory business in the northwest of England.
Our team of experts are ready and waiting to help. Contact the team below:
Phone: 0161 393 1575 // 07780 446 937
Email: hello@firstselectfs.co.uk