BESPOKE BRIDGING LOAN

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BRIDGING LOANS

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Commercial   bridging   loans,   as   their   name   implies,   are   quite   simply   bridging   loans   that   are   secured   against   commercial   property.   In   common   with other   types   of   bridging   they   are   used   to   obtain   funds   quickly,   either   to   purchase   a   property   or   to   release   funds   quickly   from   a   property   the   borrower already owns. Typical commercial properties are office buildings, shops or factory units. To   qualify   for   a   commercial   bridging   loan   the   property   used   as   security   will   need   to   be   at   least   40%   commercial.   So,   for   example,   if   the   property   is   a shop   with   a   flat   above,   the   commercial   part   of   the   property   would   have   to   represent   more   than   40%   of   the   total   property.   In   an   example   such   as   this, lenders   would   also   normally   insist   on   the   flat   having   separate   access   from   the   shop   and   it   will   probably   be   referred   to   as   a   semi-commercial   bridging loan by the lender. Commercial   bridging   loans   are   a   great   option   for   property   investors   and   private   landlords.   They   can   be   used   to   acquire   a   property   whereupon   the investor/landlord   will   usually   refurbish   or   renovate   to   bring   the   property   to   the   required   standard   for   renting.   This   will   obviously   enhance   the   value and   once   work   is   completed   the   property   can   either   be   sold   or   let.   An   improved   property   with   an   enhanced   value   and   tenants   that   have   been   in   place and   paying   rent   for   6-9   months   becomes   a   very   attractive   proposition   for   a   lender   offering   Buy   to   Let   mortgages.   The   Buy   to   Let   Mortgage,   once obtained, will be used to redeem the bridging loan. As   well   as   being   used   to   acquire   residential   investment   properties   commercial   bridging   loans   can   just   as   easily   be   used   to   provide   the   financing needed   to   purchase   a   commercial   unit.   Once   again,   it’s   very   common   for   the   unit   to   be   refurbished   or   more   comprehensively   renovated   prior   to either   a   sale   or   letting.   If   the   property   is   sold   the   bridging   loan   will   be   redeemed   from   the   sale   proceeds   and   if   it’s   let,   then   a   long-term   commercial mortgage will usually be obtained to redeem the bridging loan.  So, when would a commercial bridging loan be a good option? Buying a commercial property Buying a semi-commercial property Buying a property at auction Buying a new business Buying brownfield sites before planning is approved Refinancing an existing commercial property to take advantage of a time limited opportunity Refinancing an existing commercial property to provide a cash injection into a business Refinancing an existing commercial property to resolve a creditor issue the business has In chain break scenario’s which happen to both commercial and residential property chains Of   course,   there   are   a   multitude   of   other   uses,   but   the   common   appeal   of   commercial   bridging   loans   is   the   speed   at   which   they   can   be   arranged. Traditional   high   street   lenders   can   take   weeks   or   even   months   to   review   a   commercial   property   loan   application   loan.   Specialist   bridging   lenders   can deliver finance in days, although it’s important to remember this is reflected in the price. Bridging   loan   rates   are   higher   than   longer   term   interest   rates   and   commercial   bridging   loans   usually   a   little   more   expensive   than   residential   bridging loans. Consequently, it is important to have a clear exit strategy for repayment of the loan. Commercial   bridging   loans   are   hugely   versatile,   fast   and   transparent   and   they   can   be   used   by   individuals,   limited   companies,   foreign   nationals   and offshore companies investing in the UK. They play a key role in driving the UK economy. Still unsure and need to explore your options? Why not consult an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record.   We   are   a   principal   lender   offering   a   range   of   loan   facilities   for   business   use from   £250K   to   £50M   over   periods   from   3   to   24   months.   We   can   also   offer   medium-term   Base   Rate   Tracking   loans   from   2-5   years   duration.   Our   loans are secured on freehold property across England and Wales. You will always speak to a decision maker who will take time to understand you and your situation. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, 34 Queen Anne Street, London, W1G 8HE Tel: 03332 400 506   Email: enquiry@centralbridging.co.uk   Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

Commercial   bridging   loans,   as   their   name   implies,   are   quite   simply bridging    loans    that    are    secured    against    commercial    property.    In common   with   other   types   of   bridging   they   are   used   to   obtain   funds quickly,   either   to   purchase   a   property   or   to   release   funds   quickly   from a property the borrower already owns. Typical   commercial   properties   are   office   buildings,   shops   or   factory units. To    qualify    for    a    commercial    bridging    loan    the    property    used    as security   will   need   to   be   at   least   40%   commercial.   So,   for   example,   if the   property   is   a   shop   with   a   flat   above,   the   commercial   part   of   the property    would    have    to    represent    more    than    40%    of    the    total property.   In   an   example   such   as   this,   lenders   would   also   normally insist   on   the   flat   having   separate   access   from   the   shop   and   it   will probably   be   referred   to   as   a   semi-commercial   bridging   loan   by   the lender. Commercial   bridging   loans   are   a   great   option   for   property   investors and    private    landlords.    They    can    be    used    to    acquire    a    property whereupon   the   investor/landlord   will   usually   refurbish   or   renovate   to bring    the    property    to    the    required    standard    for    renting.    This    will obviously   enhance   the   value   and   once   work   is   completed   the   property can   either   be   sold   or   let.   An   improved   property   with   an   enhanced value   and   tenants   that   have   been   in   place   and   paying   rent   for   6-9 months   becomes   a   very   attractive   proposition   for   a   lender   offering Buy   to   Let   mortgages.   The   Buy   to   Let   Mortgage,   once   obtained,   will   be used to redeem the bridging loan. As   well   as   being   used   to   acquire   residential   investment   properties commercial   bridging   loans   can   just   as   easily   be   used   to   provide   the financing   needed   to   purchase   a   commercial   unit.   Once   again,   it’s   very common    for    the    unit    to    be    refurbished    or    more    comprehensively renovated   prior   to   either   a   sale   or   letting.   If   the   property   is   sold   the bridging   loan   will   be   redeemed   from   the   sale   proceeds   and   if   it’s   let, then   a   long-term   commercial   mortgage   will   usually   be   obtained   to redeem the bridging loan.  So, when would a commercial bridging loan be a good option? Buying a commercial property Buying a semi-commercial property Buying a property at auction Buying a new business Buying brownfield sites before planning is approved Refinancing   an   existing   commercial   property   to   take   advantage of a time limited opportunity Refinancing   an   existing   commercial   property   to   provide   a   cash injection into a business Refinancing     an     existing     commercial     property     to     resolve     a creditor issue the business has In   chain   break   scenario’s   which   happen   to   both   commercial   and residential property chains Of    course,    there    are    a    multitude    of    other    uses,    but    the    common appeal   of   commercial   bridging   loans   is   the   speed   at   which   they   can   be arranged.    Traditional    high    street    lenders    can    take    weeks    or    even months    to    review    a    commercial    property    loan    application    loan. Specialist   bridging   lenders   can   deliver   finance   in   days,   although   it’s important to remember this is reflected in the price. Bridging   loan   rates   are   higher   than   longer   term   interest   rates   and commercial    bridging    loans    usually    a    little    more    expensive    than residential    bridging    loans.    Consequently,    it    is    important    to    have    a clear exit strategy for repayment of the loan. Commercial   bridging   loans   are   hugely   versatile,   fast   and   transparent and    they    can    be    used    by    individuals,    limited    companies,    foreign nationals   and   offshore   companies   investing   in   the   UK.   They   play   a   key role in driving the UK economy. Still   unsure   and   need   to   explore   your   options?   Why   not   consult   an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record. We    are    a    principal    lender    offering    a    range    of    loan    facilities    for business   use   from   £250K   to   £50M   over   periods   from   3   to   24   months. We   can   also   offer   medium-term   Base   Rate   Tracking   loans   from   2-5 years   duration.   Our   loans   are   secured   on   freehold   property   across England and Wales. You    will    always    speak    to    a    decision    maker    who    will    take    time    to understand you and your situation. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, 34 Queen Anne Street, London, W1G 8HE Tel: 03332 400 506  Email: enquiry@centralbridging.co.uk Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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COMMERCIAL

BRIDGING LOANS

KNOWLEDGE BASE

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