Bridging loans for commercial property
Bridging loans for commercial property acquisition and refurbishment are an effective method of securing the finance you need to ensure a potentially lucrative investment does not pass you by. Bridging loans can be agreed within the minimum of timescales and provide the flexibility needed for auction purchases, property modernisation, and commercial property investments.
Although the lending criteria will change from lender to lender, typically bridging loans will be made against the value of a property. 75 percent of loan-to-value will usually be available, with some lenders offering no exit fees and any unused interest will be returned.
Due to the short term nature of bridging loans, they rarely represent the cheapest funding solution, so other options should be considered if they are available. However, it is the speed and flexibility of bridging loans that make them suitable for businesses of every size under the right circumstances.