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Commercial Bridging & Development Finance

 

What is a Bridging Loan?

A bridging loan is a short term funding solution secured against a property, which can either be residential or commercial. Traditionally, these types of loan can be completed quickly and a decision in principle can be gained within 24 hours with the money made avaliable into your account within just 7 days.

There are 5 simple steps in completing a bridging loan:

1

Call 01202 937880 or email your enquiry.

2

The issue of an offer letter from the lender with the full details of the proposed finance.

3

First Commercial Funding along with the lender will process the valuation and paperwork and forward these documents electronically to your solicitor, who will then explain the terms and conditions of the loan to you.

4

Sign the documentation and send it back to the lender.

5

The lender will check the application one last time and complete the transaction and send the funds to your solicitor.

Bridging Loan Types

  • Refinance Bridging
  • Auction Bridging
  • Land Bridging
  • Refurbishment Loans
  • Development Finance
  • Residential Bridging
  • Commercial Bridging
  • New Builds Accepted
  • Medium Term Loans
  • Cash Release Bridging
  • Regulated Bridging

Bridging Terms

  • 1st/2nd/3rd charge loans
  • Rates from 0.6%-2% PCM
  • Residential, commercial or mixed use properties
  • A term of 1 month- 36 months
  • LTV of 60-100% depending on security
  • Loan to GDV of up to 70%
  • ERC 0-3%
  • Interest payments: rolled,retained or serviced
  • 100% of build costs
  • Stage drawdowns

Due to the fact that there is a vast amount of bridging loan lenders it is always worth calling our offices here at First Commercial Funding on 01202 937880 so we can make sure that the loan is perfectly suited to your circumstances.

Contact Us

Call our experts today on 01202 937880

Some of our Lending Partners