If you want to raise funds quickly on a commercial property already owned or for the purchase of a commercial property that you are looking to buy, then a commercial bridging loan could be the ideal solution for you. Commercial mortgages due to their complex nature are notoriously much slower to arrange and complete than residential mortgages. This makes the use of commercial bridging finance in this sector much more relevant. A commercial bridging loan can be arranged and paid out often before a lender being used for longer term finance has even started to review the case.
Commercial Bridging loans, as it suggests, would be secured on commercial or semi-commercial properties in the same manner as a standard residential bridging loan and normally arranged within the same timeframe. The number of uses are also wide and varied but as commercial bridging finance is not regulated by the FCA, additional funding reasons are allowable, provided any use is fully legal.
Why choose a Commercial Bridging Loan
If you had a commercial property that you wanted to convert it into a residential property i.e. an office block into a set of apartments then you could get a commercial bridging loan secured against the property to either fund the purchase and conversion or if the property is already owned, just to fund the conversion.
Commercial bridging loans are used for numerous reasons such as: releasing equity for debt consolidation, business cash flow injection, building improvement or to purchase more new properties.
If you would like some advice on commercial bridging loans then please complete the form below and we can get a specialist commercial bridging loans expert to contact you. Alternatively, you can use our bridging loan calculator to calculate your loan repayment.