Rapid Loans For Commercial Properties
Borrow £125,000 to £15,000,000 from Rapid Bridging in as little as 48 hours. We arrange commercial bridge loans for clients to buy, renovate and develop property and to raise funds against the equity they have accumulated in non-residential property or land.
Rapid Bridging has fantastic success arranging commercial bridging finance for our clients. For more information or to start the process today, get in touch with our team now.
What Are Commercial Bridging Loans?
Commercial bridging loans are a short term secured loan where the security offered by a borrower is either commercial or semi-commercial premises.
Bridging lenders offer a far more adaptable and flexible approach to borrowers than commercial and semi-commercial mortgage providers. You can borrow over as little as 30 days right up to 36 months with interest charged daily.
And unlike when applying for commercial and semi-commercial mortgages where it can take up to 3 months to receive funding, we aim to provide our borrowers with the finance they need in as little as 48 hours, but some commercial bridge loans can take 10 days to agree.
How Much Can I Borrow With A Commercial Bridge Loan?
The amount of money you can borrow with a commercial bridging loan depends on what you need the money for.
If you simply wish to purchase property which needs little or nothing doing to it, lender will fund up to 70% of the purchase price of the property. For example, if you wished to purchase a retail unit worth £250,000, you’d need to have a deposit of 30% or £75,000.
If you wish to purchase property/land and carry out more substantial works on it, lenders will often advance money for the purchase of the property/land as well as construction and associated costs.
Please give us a call on 0208 150 7528 or email us at info@rapidbridging.com to tell us about your project.