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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Wouldn’t use anybody else. We have had Danielle since 2014 and found out she left the company that we used. I searched for her and luckily found the new company... read more
Hannah Nicholas
March 6, 2024received Aarons details from try financial from a friend local to me buying my first time property not really knowing what to expect and speaking to aaron his help... read more
Dan Canning
March 6, 2024Fantastic service from Aaron! Made the whole process so easy from start to finish and quickly responded to any queries we had. Lots of knowledge and found a great deal... read more
tasha melton
March 5, 2024I had the pleasure of working with Aaron from Try Financial after receiving his contact information from a friend of mine. As a first-time homebuyer, navigating the mortgage process... read more
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March 1, 2024 -
We were introduced to Danielle by a friends recommendation this turned out to be the best choice we could make. Danielle had an initial chat about what we needed and... read more
Charles Leake
February 29, 2024Aaron and the team did a fantastic job at sourcing a new mortgage for myself and my wife. This is the first time we have looked for a new mortgage... read more
lee hobdell
February 29, 2024Excellent service, Aaron got us the mortgage we needed with a great offer.
Sue Townsend
February 29, 2024I must say Aaron was so so helpful and no problem to big or to small gave me 100% all the time no matter what time of the day I... read more
Tom Townsend
February 29, 2024
