Bridging Loans For Commercial Mortgages
At General Finance Centre, we offer flexible finance solutions to our customers, so they can secure the business premises they need with the commercial mortgage which is right for them.
On occasion, we can also offer business finance for 100% of the purchase price (or 80% of the property value, whichever is lower) in the form of a closed commercial bridging loan. Closed bridging loans can obviously only be offered to those applicants who have exchanged. We can also offer open commercial bridging loans (available before completing) for up to 75% of the property value.
- Bridging loans available from £25,000 to £50,000,000
- Non status or Self Certification facilities are available to customers without income proof
- Credit problems such as mortgage arrears, loan defaults or county court judgements are sometimes accepted
- Offer of loan maybe released within 24 hours upon receipt of full application form, valuation reports and financial information
Example of a recently completed commercial bridging loan:
- The client purchased commercial investment property at £3,750,000.
- The sale is negotiated with a third party to complete in three months time at £6,600,000.
- 100% of purchase price (£3,750,000) was approved by the bank at 4% over base rate.
Call us on 0800 019 5177 or click below to complete the enquiry form to find how we can help. Remember, whatever your business or status, our aim is always to say yes.
