To buy and sell property, to create buildings from plans, or to develop whole areas of mixed use property for the enjoyment of many.
These are just some of the projects you may be involved in when you work in commercial property. But whatever kind of space it is you’re working in, sometimes you need to find funds, and find them fast.
Affirmative finance can offer help to anyone at a financial road block. As a member of The Council of Mortgage Lenders, and regulated by the Financial Conduct Authority, we give bridging loans to companies and individuals when it makes commercial sense.
What is a bridging loan?
“Fast, flexible, short-term, secured finance for any purpose”
Bridging finance is designed to help property developers, financial intermediaries, and anyone who deals with commercial property to find funds when they need them the most.
So if a project of yours has been derailed, for example the bank has delayed its completion, then you can get back on track with the help of a bridging loan, which can be arranged within 24 hours. The smallest amount you can borrow is £10,000 going right up to £5 million for bigger ideas.
You can use our commercial property loans for any purpose. Here are some of the typical projects we have supported with bridging loans:
- Development for property: to build flats, retail and semi-commercial, student lets or HMOs
- Development for land: to fund projects while you wait to obtain additional factors such as planning gains
- Development for finance: to secure properties at auction which are intended for buy to let, or which are intended primarily as investment projects
Many have found bridging loans to be invaluable when a kink in the process nearly brought the end of their commercial property project. To see some examples of success, take a look at our case studies.
To find out more, get in contact by telephone, email, or Skype, or use our online chat facility. We can talk about your situation. And if you meet the right conditions, we will help you to find the funding that you need, to have it with you as soon as possible.