A Commercial Bridging Loan will apply to borrowers who require Bridging Finance where the loan will not be secured on any property which is occupied by the borrower for personal residential use.
For instance a Buy-to-Let property is a commercial property purchase.
There are many situations where a Commercial Bridging Finance can be beneficial in facilitating the completion of a property transaction which would otherwise be lost.
Examples Might Include The Following:
Rapid Completion – where an ideal property purchase is jeopardised because you are required to complete more quickly than standard mortgage lenders can accommodate.
Buying at Auction – where the purchase of the property has to be completed in much shorter timescales than standard mortgage lenders can cope with.
Cash Buyer Opportunities – where commercial or investment property can be acquired at a discount to the market value if completion can take place quickly.
Refinancing a Property Development – where you want to refinance a completed commercial or investment property development to release funds for your next phase of development.
Refurbishment – where standard mortgage lenders are not prepared to advance a mortgage on investment properties (e.g. Buy-to-Let) until essential refurbishment or repairs are completed.
Rapid Capital Raising – where raising finance against the security of your residential property can be provide urgently needed funds – e.g. for business purposes or to finance a new investment opportunity.
If your Bridging Finance requirements are not connected with a commercial property which you occupy now or will occupy in the future (e.g. a Buy-to-Let property purchase)
Click here for our Residential Bridging Loan section.