Expert Mortgage Brokers

Your Gateway to Commercial Bridging Loans

Looking for the best deal in commercial bridging loans? Let Expert Mortgage Brokers guide you through the maze with ease. Secure the best terms and confidently bridge your financial gap. Ready to take the first step towards property investment success? Reach out for a chat with us today!

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What is a commercial bridging loan

What is a commercial bridging loan?

A commercial bridging loan is a type of short-term finance specifically designed for commercial property transactions. It helps bridge the financial gap between the purchase of a new property and the sale of an existing one or between the purchase of a new property and the securing of a more permanent financing source, such as a commercial mortgage.

Commercial bridging loans are typically used for property-related purchases, renovations, or development projects. They are designed to provide temporary funding for individuals or businesses until they can secure a more permanent financing source. These loans are usually secured against the property being purchased or renovated, and the loan amount is based on the value of the property and the borrower’s ability to repay the loan.

How Commercial Bridging Loans Work?

Commercial bridging loans typically have a term of up to 18 months, although some lenders may offer longer terms. During this period, the borrower must only pay the loan’s interest, not the principal amount. This is similar to how interest is handled in residential bridging loans or development finance. The loan amount is usually based on the value of the commercial property being purchased or refinanced and the borrower’s ability to repay the loan.

Key Features of Commercial Bridging Loans

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Commercial bridging loans are designed to provide short-term financing solutions for businesses, typically up to 18 months.

Short-term finance

Borrowers only pay the interest on the loan during the term, with the principal amount usually repaid at the end of the term or earlier if the loan is repaid early.

Interest-only payments

The loan is secured against the commercial property being purchased or refinanced, providing the lender with collateral to ensure repayment.

Secured against commercial properties

The loan amount can vary depending on the value of the property and the borrower’s financial situation.

Variable loan amounts

Commercial bridging loans often offer more flexible repayment terms than traditional bank loans, which can help ease cash flow shortages.

Flexible repayment terms

Some lenders do not charge early repayment fees, which can be beneficial if the borrower can repay the loan earlier than anticipated.

No early repayment fees

Ready to Bridge Your Financial Gap?

Unlock the potential of your commercial venture today. Reach out to Expert Mortgage Brokers for a tailored commercial bridge loan solution that aligns with your strategic financial goals.

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When to Use Commercial Bridging Loans?

Commercial bridging loans are suitable for businesses that need to secure funds quickly to purchase or refinance a commercial property. They can be particularly useful in situations where a commercial mortgage wouldn’t be appropriate, such as when the funds are needed quickly or when a commercial mortgage isn’t available due to current circumstances.

Eligibility for commercial bridging loans is determined by several factors, including the borrower’s credit history, business finances, exit strategy, and property experience. Here’s a breakdown of the key considerations →

01

Exit Strategy

A clear and viable exit strategy is crucial for approval. This includes plans to sell or mortgage the property to repay the loan. Lenders assess the likelihood of the borrower executing this plan, considering factors such as the property’s location and market conditions.

02

Credit History

A good credit score is not always essential, but it can contribute to approval or rejection in combination with other factors. A strong credit history can improve the chances of approval, especially if the borrower has a solid exit strategy.

03

BUSINESS FINANCES

For businesses or limited companies, lenders may require the submission of accounts to assess profitability based on earnings before interest, tax, and amortisation (EBITDA).

04

PROPERTY EXPERIENCE

Lenders consider the borrower’s track record in developing or selling property. If the loan is for an unusually complex project, they may want evidence of previous success managing similar work.

Commercial bridging loans are suitable for businesses that need to secure funds quickly to purchase or refinance a commercial property. They can be particularly useful in situations where a commercial mortgage wouldn’t be appropriate, such as when the funds are needed quickly or when a commercial mortgage isn’t available due to current circumstances.

How quickly can I get a commercial bridge loan?

The time it takes to secure a commercial bridge loan in the UK can vary depending on the lender, the complexity of the application, and the borrower’s circumstances. Commercial bridging loans can be approved and funded within days or weeks rather than months.

How can I apply for bridging finance

How can I apply for bridging finance?

Applying for a commercial bridging loan with Expert Mortgage Brokers is straightforward. Contact us directly to discuss your needs, and our team will guide you through the application process, ensuring clarity and transparency at every step. 

With our expertise in bridging finance, commercial mortgages, and access to a comprehensive range of lenders, we’re here to facilitate your loan with competitive LTV (Loan-to-Value) rates, ensuring your project moves forward without delay.

Get Started with Your Commercial Bridging Loan Today

Take advantage of the opportunity to unlock the full potential of your commercial investments. Contact Expert Mortgage Brokers now for a consultation tailored to your needs and goals. Time is of the essence in the competitive property market, and we are here to ensure you move forward with confidence and the proper financial backing.

Your next successful project starts here.

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