Bridging or Short-Term Loans (STL) are commonly used when a property is otherwise unmortgageable or speed is required to complete the purchase.
At Logic Property Finance we are experts in bridging finance.
Some popular uses for bridging finance are:
Auction finance
Often investors need to complete within a short period (28 days). Bridging finance is a quick solution and some investors choose this as they often only need to deposit 25% cash.
Refurbishment finance
Bridging finance is often used to buy residential or commercial property in need of repair. If these properties do not have a functioning kitchen and Bathroom, they are not suitable for a standard mortgage. Bridging finance can be used to purchase these properties and also to fund the cost of refurbishments.
Below market value
Many property investors source their properties well and can access deals where they are buying below market value. Bridging finance can be used to secure these properties quickly which can later be refinanced.
Bridge to let
Clients looking to buy property and add value and then retain in their buy-to-let portfolio. At Logic, we can source funding to assist with the purchase of the property and the refurbishment costs. We will also source the best deal to ‘exit’ the bridge on to a more appropriate term loan once the works are completed and the value is added.
Commercial acquisitions
We can assist with clients looking to purchase their own commercial premises to trade from or to be used as property investments. With years of experience in commercial lending we are well placed to source the best deals from banks, challenger banks and specialist lenders.
Auction finance
Often investors need to complete within a short period (28 days). Bridging finance is a quick solution and some investors choose this as they often only need to deposit 25% cash.
Refurbishment finance
Bridging finance is often used to buy residential or commercial property in need of repair. If these properties do not have a functioning kitchen and Bathroom, they are not suitable for a standard mortgage. Bridging finance can be used to purchase these properties and also to fund the cost of refurbishments.
Below market value
Many property investors source their properties well and can access deals where they are buying below market value. Bridging finance can be used to secure these properties quickly which can later be refinanced.
Bridge to let
Clients looking to buy property and add value and then retain in their buy-to-let portfolio. At Logic, we can source funding to assist with the purchase of the property and the refurbishment costs. We will also source the best deal to ‘exit’ the bridge on to a more appropriate term loan once the works are completed and the value is added.
Commercial acquisitions
We can assist with clients looking to purchase their own commercial premises to trade from or to be used as property investments. With years of experience in commercial lending we are well placed to source the best deals from banks, challenger banks and specialist lenders.