A Bridging Loan is a short-term loan or interim financing usually taken out to bridge the gap for a pending arrangement. This is usually to acquire a commercial or residential property while another commercial/residential property is due to be sold. The term of these bridging loans can vary from 1 month to 3 years.
Decimal Factor can only help you with Bridging Loans for Commercial Property.
Loan-to-value (LTV) ratios are generally around 65% to 70% for commercial properties, based on appraised value.
A first charge bridging loan is generally available at a higher LTV than a second charge bridging loan due to the lower level of risk involved. Decimal Factor can look at second and third charges as well.
Bridging Loans can be provided from £100,000 to £10million.
If you would like a Decimal Factor Funding Specialist to contact you regarding Bridging Loans, please email us at firstname.lastname@example.org