Commercial Land Bridging Loans
Posted on October 22nd, 2011 in All, Commercial. If you are a developer then one of the uses you may need to bridge the gap for is that of property purchasing in particular land purchasing. Nowadays land good useful land is not easy to find and once you find some you don’t want to lose it. Many of our customers use a bridging commercial land loan to pay for the land.This way funds can be raised quickly and used as a short-term bridge until more permanent finance is raised. The speed at which the bridging commercial land loan can be completed in can vary but if all required information is available can be in as little as 3 days. Interest rates are very competitive and we can arrange funds on a much more flexible basis than banks and building societies many of which have very strict lending criteria for bridging finance.
Because bridging commercial land loans are normally of a short term nature and are secured on either either a residential property or commercial assets your credit history is not that important. So whether you have a good history or whether you have a credit file with CCJs, defaults or missed payments contact us for a friendly consultation.