Commercial Bridging Finance
Our short term bridging finance options can be used for purchasing or refurbishing commercial properties.
Lending options even with impaired credit records
Maximum Loan to Value – 70%
Minimum Loan £25,000 – Maximum Loan £25,000,000
For use with Commercial, Semi-Commercial, Refurbishment and Property Conversion as well as commercial property auctions.
* Before the bridging loan is approved, the lender will need the assurance that the loan will be repaid from a viable exit proposition.
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Bridging Loans
Try Financial can arrange short term bridging finance to purchase and re-furbish commercial and semi commercial property where the loan will be repaid either from sales proceeds or, being refinanced on to a longer-term loan either a commercial mortgage or, if converted to residential use, a buy to let mortgage. Before the bridging loan is approved, the lender will need the assurance that the loan will be repaid from a viable exit proposition.
Typically refurbishment bridging loans in the commercial property market are to convert larger properties into Homes of Multiples Occupation or conversions of business premises to residential use. At Try Financial arrange loans in England and Wales, and also Scotland. We can also obtain terms where our customers have impaired credit records.
Interest is usually paid in advance but calculated on a daily basis so that if a borrower repays before the end of the loan term, any overpaid interest is refunded. There are options to pay interest monthly if this is preferrable. Usually, the length of the loan is up to 24 months and and individuals can expect to sign a personal guarantee, and where purchase is through a limited company, in most cases, a debenture charge will be taken across all assets of that business.
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See What Our Customers Think
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Aaron at Try Financial was extremely quick to get back to me with any query I had - and I had a lot of them! I am a first time... read more
Allanah Peck
April 26, 2024Danielle was brilliant! Not only is she an amazing broker she is also a great person. Everything was clearly explain, all the process was smooth. She listen to what I... read more
Sana Raja
April 16, 2024Excellent service from Aaron from start to finish, very professional & would definitely recommend to anyone looking for a mortgage.
Lee Ellis
April 9, 2024As a first time buyer me and my partner had no idea what to do to get on the property ladder. We were recommended by a friend to speak to... read more
K H
April 9, 2024 -
Danielle Robison made buying my first home so easier. I have heard stories about how exhausting the process of buying home can be but it was nothing like that... read more
Niranjan Bisht
March 30, 2024Danielle was a huge help to us when buying our home. Professional, efficient, and did everything she could to drive the process forward. I wouldn't hesitate in recommending her to... read more
Matt Donovan
March 30, 2024Aaron has been so helpful, efficient and reliable throughout both my mortgage applications. Highly recommend.
Freya Shelbourne
March 30, 2024Aaron has been incredibly helpful and personable throughout the entire process of getting a mortgage, any questions we had being answered swiftly and accurately. Definitely recommend for first time buyers!
Connor Wilby
March 30, 2024
