Commercial Auction Finance

If you are considering buying a commercial unit for your own business from an auction, or a commercial property for investment purposes, you’ll need fast, flexible, short term finance in order to meet the costs of the auction deposit.

Having commercial auction finance in place puts you in a position where you can bid on commercial assets with confidence. Commercial auction lenders can make lending decisions before, during and after the auction, and will usually make a decision and transfer the money within 24 hours of the loan application. The key to commercial auction finance is speed, which is the result of flexible lending criteria and the streamlined underwriting process that often takes place.

Most borrowers will be willing to lend up to 70 percent of a property’s value, although there are some that will be willing to provide 100 percent of the asset’s value with additional security.  The repayment term on commercial auction finance will typically be anywhere between 6 and 18 months, depending on the lender.

Typically, there will be no restrictions on property size, location or value, so you’ll be able to find fast finance for shops, offices, restaurants, pubs, leisure centres, industrial units, warehouses, and pretty much anything else you care to bid on.

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Semi-commercial auction finance

If you are looking to buy a property for commercial and residential use, otherwise known as a mixed-use property, you’ll need semi-commercial auction finance. This is a bridging loan designed specifically to fund the purchase of part residential, part commercial properties, such as shops, restaurants and offices with flats on the upper floors.

Again, there’s a wide range of lenders out there willing to offer semi-commercial auction finance, which is why the assistance of a specialist advisor can really help. To find the best deal it’s likely you’ll have to go ff the beaten track, away from the high street and mainstream lenders, so intricate knowledge of the market can go a long way.

If you are looking to buy a property for commercial and residential use, otherwise known as a mixed-use property, you’ll need semi-commercial auction finance. This is a bridging loan designed specifically to fund the purchase of part residential, part commercial properties, such as shops, restaurants and offices with flats on the upper floors.

Again, there’s a wide range of lenders out there willing to offer semi-commercial auction finance, which is why the assistance of a specialist advisor can really help. To find the best deal it’s likely you’ll have to go ff the beaten track, away from the high street and mainstream lenders, so intricate knowledge of the market can go a long way.

How can we help?

At Mortgage Advisor.co.uk, we work with a leading network of specialists who know precisely which lenders are offering the best commercial auction finance deals at any one time. Please complete our online enquiry form with a few details about your funding requirements and an advisor will be in touch to offer a free, on-obligation initial consultation.

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