Bridging Loans

Bridging loans from Cornish Business Loans can be made to any individual or company and are usually secured against property. This type is loan has a defining characteristic; it is a loan that essentially bridges an exit gap, which is usually a refinance or sale of an asset. Bridging loans can often be arranged within a matter of hours, much quicker than traditional bank lending, with the release of funds sometimes within 72 hours. Loan amounts generally start at around £25,001 with no maximum.

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Why bridge?

The main reasons that property professionals use bridging loans are:

  • To quickly raise finance
  • To refurbish a property
  • Complete purchases at auction
  • To purchase property that would not secure a mortgage
  • To bridge a shortfall of funding between buying and selling property
  • To raise a deposit for purchasing property