A bridging loan is a short-term financing option typically available for up to 36 months. This loan is used when traditional term loans (such as mortgages) are not applicable. Bridging loans serve as an effective solution for borrowers facing time constraints or awaiting funds from the sale of another asset. Lenders providing bridging finance will secure the loan against the property, and they often allow additional properties or land to be included under a first or second legal charge.
Are you in the midst of purchasing property or land but facing cash-flow challenges? Bridging finance may be a suitable solution to help you regain momentum.
Reaching out to an experienced specialist bridging finance broker can assist you in evaluating the best options for your needs. Although bridging loans may carry higher interest rates, our team of qualified commercial mortgage and bridging finance brokers is dedicated to finding the most appropriate solution for your specific situation.
At Coreco Commercial, we specialise in identifying the ideal finance options for all types of borrowers, whether personal or corporate. Our brokers have established strong relationships with both commercial and specialist lenders, enabling us to act swiftly and secure your financing in the shortest time possible.
Our friendly team of expert brokers are on hand to answer any questions you may have about bridging loans and finance. Please get in touch using the contact form and we’ll get back to you asap.