A bridging loan is an ideal tool for self employed clients looking to purchase new premises or raise funds to inject into their business but do not fit with the traditional lenders criteria.
Traditional commercial lenders criteria and application processes tend to be extremely lengthy, with brokers often left with a 'shopping list' of requirements to fulfil.
It can also be used to release equity quickly for debt consolidation, business injection, purchase investment properties and home improvements.
Criteria Market Value Multiple properties Timber / Steel framed Restaurants & takeaways (Subject to criteria) Offices