Commercial bridging finance growing fast

More and more investors are looking to bridging finance to secure their next or first commercial property. Since the turn of the year we at Fastest Bridging have seen a 21% increase in this type of business.

Clients turn to bridging loans for the purchase as a traditional high street bank is taking longer than ever before. The majority of client we speak to tell us “banks just want far too long to put the deal together and this puts the deal at risk”. In our experience a “clean” case can be completed very quickly indeed with all parties pulling together it is not unusual to complete in just 5 days.

Commercial bridging is a short term loan usually for 12 months or less, which can be used against the purchase of a commercial property. The loan is normally secured against the property you are buying but other options do exist. Due to a great deal of new products coming on line this type of funding is becoming more flexible by the day.

The lender will want to see a clear repayment structure in place

Examples of commercial properties

-        Shops with a flat above

-        Restaurants

-        Retirement homes

-        Nursing homes

-        Guest houses & Bed and breakfast

-        Office buildings

-        Buy to let properties

-        Commercial industrial units

-        Hotels

Need some advice?

At Fastest Bridging we pride ourselves on the service we provide so if you need any help or guidance please do call us. One of our expert advisers will be on hand to deal with your request so we look forward to hearing from you.