When looking to purchase a commercial property you may need a bridge loan to allow you to pay for the place, even if your own building has not sold yet.
Real estate bridge loans allow individuals to purchase a property that will be used for work purposes.
As you often need bridge loans quickly, we will work closely with you in order to provide you with the short term finance as soon as possible.
A commercial bridging loan in Magherafelt BT45 8 is a short term loan that is used for commercial properties. Throughout the UK, we offer our specialist services for individuals that are purchasing buildings that are not going to be used for residential purposes.
The commercial bridging loans can differ from residential deals (https://www.bridging-uk-loans.co.uk/residential/magherafelt/) as there are different factors that will need to be considered.
If you would like to find out more information regarding the commercial bridge loans in Magherafelt BT45 8 then get in touch with us today. Our professionals are happy to give you all the details you require in order to ensure find the right calculation to suit you.
Simply enter your details in the contact form provided and a member of our team will be in touch shortly.
The real estate bridge loans allows indivuals in Magherafelt BT45 8 to purchase a property even if they don't have the right funds for it yet. For businesses this can be important if you are selling a previous office and the current building has not be paid for yet.
Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months. Most bridge loans carry an interest rate roughly 2% above the average fixed-rate product and come with equally high closing costs.
Bridge loans are generally taken out when a borrower is looking to upgrade to a bigger home, and haven’t yet sold their current home. A bridge loan essentially “bridges the gap” between the time the old property is sold and the new property is purchased.
Lenders that offer bridging loans usually do so for the purchase and renovation of property — it's a form of property development finance. They can be both commercial and residential, and the works can be ground-up property developments or just adding a bathroom to a flat.
You can also use bridging finance for other short term commercial purposes, as long as you have a clear exit in place — although it depends what appetite the lender has for your plans.
For businesses in Magherafelt BT45 8 that are looking for a a bridge loan, you will need to think about what you need it for and how long you would require the loan as this will help determine how much you will be expected to pay back.
Let us know what you are looking for by filling out the enquiry form provided and a member of our team will get back to you shortly with everything you need to know.
Our Bridging Finance can be available within just 24 hours (depending on your circumstances) . If you need bridging finance quickly, we should be your first call. Find out more about fast bridging loans here: https://www.bridging-uk-loans.co.uk/fast/magherafelt/.
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Our decision makers are in-house and involved right from the start to prevent any unnecessary delays. We tailor make each loan to the individual requirements of the client.
We don’t have rigid criteria and we don’t reject enquiries just because they don’t tick all boxes. We reject mortgage acceptance fees and early redemption fees and we think it’s only fair to rebate interest (calculated on a daily basis) when a loan is paid back early.
Get in touch with us today if you would be interested in receiving more details about what we have to offer you. Our specialist team closest to you have years of experience and professional knowledge in order to provide you with a bridging loan that is right for you.
If you are looking to add to your portfolio of commercial property assets and require a bridging loan, finding exactly the right deal can be daunting.
We are an independent mortgage broker that has strong relationships with the specialist commercial bridging lenders in the UK mortgage market, including those private banks who do not have a high-street presence.
There are a number of advantages when it comes to commercial bridge loans, some include:
There are many good things about these loans and we would certainly recommend them.
We arrange flexible commercial bridging loan solutions for our clients, providing a tailored one-to-one advisory service, delivered face-to-face or remotely, depending on what suits you.
To find out more information regarding commercial bridging loan in Magherafelt BT45 8 feel free to talk to our specialist team today.
As we are fully trained and qualified team, we can provide you with our specialist team and find you the loan that suits your every need. Just fill out the enquiry form provided so we can calculate your load. Alternatively, have a look at our bridging loan calculator page: https://www.bridging-uk-loans.co.uk/calculator/magherafelt/.