Bridging Loans

Bridging Loans from Tiuta PLC

By: Tiuta PLC  08/09/2010
Keywords: financial services, Investment Property, commercial mortgages

A Bridging Loan is a loan to an individual or a company that can be taken out on a short-term basis, secured against a residential ⁄ commercial property or land, until such time as the property is sold or refinanced with a long-term lender. Key features include:

  • 1. is secured against property by way of a first legal charge - this can be a new purchase or a refinance.
  • 2. The term of a loan can be from 1 day up to 1 year.
  • 3. A bridging loan can be from £30,000.
  • 4. Terms and conditions are negotiable.
  • 5. Loans are assessed against open market value and not purchase price.
  • 6. Loans can be either open or closed. A Closed Bridge is when there is a guaranteed exit  already established.
  • 7. With DIPs given within 60 minutes and funding available within 24 hours, bridges suit those needing rapid short-term funding.
  • 8. The money raised through a Bridging Loan can be used for any legal purpose.

Keywords: bridging finance, Bridging Loan, Bridging Loans, buy to let mortgages, commercial loans, commercial mortgages, commercial property finance, development finance, financial services, Investment Property, property development finance