Compare Commercial Bridging Loan Quotes
A commercial bridging loan is a short-term loan, with a usual period of 12 months, which is secured against a property. Common purposes for commercial bridging loans include completing a house purchase before the sale of your existing property, auction purchases where the funding cannot be arranged within the time available, or for the purchase of a property requiring refurbishment or development.
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Commercial bridging loans are typically available for up to 75-80 per cent of the property's value, and it is important to have a reliable method of repaying the loan at the end of its term.