Bridging the Financial Gap
Interest only loan, designed for a short period of time secured on residential, commercial or industrial property
Bridging Finance
A bridging loan is an interest only loan, designed for a short period of time – typically 3 – 12 months secured on residential, commercial or industrial property.
Bridging loans can be completed quickly as there is a lot less red tape than other forms of finance. They can also buy you valuable time when you want to take advantage of an opportunity such as acquiring a property at a one-off special price or if your borrower needs to renovate an un-mortgageable property ready for rental or sale.
As the loan is interest only and for a short term, it’s important to know how the loan will be repaid. Typically this is through the sale of the property, maybe after it’s been refurbished, or by refinancing with another lender on a longer term loan or mortgage.
To find our more about how we may be able to help you, contact us today.
