Commercial bridging finance is a short term funding option for companies, property developers, limited liability partnerships (LLPs) and sole traders, who are looking to plug the gap in their finances for any reason. For example, a professional landlord might use it to make a further buy to let investment whilst awaiting the sale of an existing asset.
It can be secured against on any kind of building or land, including mixed-use properties, farms, houses in multiple occupation (HMOs), plots and developments, and is commonly used to purchase property at auction.
WHAT DO YOU NEED TO KNOW AOBUT COMMERCIAL BRIDGING FINANCE?
Commercial bridging finance can be secured against on any kind of building or land, including mixed-use properties, farms, houses in multiple occupation (HMOs), plots and developments, and is commonly used to purchase property at auction.
It’s a complex market, with processes involved differing greatly from the residential bridging market. However, it is a growing market and Enness is always ahead of the curve when it comes to knowledge of new entrants to the market.
Whether you’re looking to secure commercial bridging finance to fund a business acquisition, or simply need to cover the costs of any improvements to an existing business asset in the short term, commercial bridging finance can be useful for a variety of reasons. For example;
- Management buyouts
- Portfolio deals
- Capital release
HOW CAN ENNESS HELP WITH COMMERCIAL BRIDGING FINANCE?
There is no central authority on commercial bridging finance. There are no comparison sites for borrowers to peruse, meaning it is almost impossible to build up a picture of the market without help. At best, you’ll get a fragmented sense of benchmark rates. To gauge and understand its possibilities, pitfalls, opportunities and risks, you will need expert help in the form of a dedicated and experienced broker who can guide you through the maze.
Our commercial brokers are among the most experienced in the country. We have come up with solutions to even the most complicated and time-sensitive problems, and our market access is second to none. We are confident in our ability to achieve the best possible terms for our clients.