Whether looking to develop property, buy a commercial property or use an existing property as short term security this type of funding is as popular as ever.
Development Finance allows funding to be issued for up to 24 months with the amount borrowed repaid once the project has been completed and the property or properties sold on. A standard commercial mortgage may be taken at the end of construction allowing a more affordable longer term solution to be put in place.
Commercial Mortgages can be used for purchasing a business property, for long term commercial property investment or to raise capital by refinancing a property that is already owned.
Bridging Loans are ideal for those situations where quicker access to property finance is needed for such as purchasing a property at auction, plugging a gap until a renovation is completed or whilst waiting for a more traditional mortgage to be approved.