Bridging LoansIndependent bridging finance brokers
Being completely independent enables us to quickly provide our clients with the most competitive bridging loans for amounts ranging from £25,000 to £100 million. Bridging finance criteriaWe can provide bridging loans for applicants who are employed or self employed. Commercial bridging loans are available to limited companies, partnerships and other most other types of business. There are bridging finance facilities available that will take into consideration poor credit history including CCJs, defaults, finance arrears, IVAs and discharged bankrupts. Bridging finance is normally secured on residential or commercial property, including building plots and land. Some bridging lenders accept property that is derelict, in a poor condition or of an unusual construction. About our bridging loansIt is our job to find you the best possible deal for a bridging loan facility that suits your requirements. Having access to a large number of excellent bridging finance providers, means that we are in the best possible position to:
Our bridging loans normally take between 5 and 7 working days from application to arrange, although in certain circumstances they can be arranged in just 48 hours. Commercial bridging financeBusinesses use commercial bridging loans when they need to raise finance quickly for a number of reasons. These include fulfilling large orders, purchasing assets that can be quickly turned into a profit, picking up an absolute bargain and to help solve short term cash flow problems. Commercial bridging finance is sometimes used whilst waiting for a commercial mortgage or other long term commercial finance facility to be put in place. These commercial bridging loans can be secured on commercial property. Bridging loans explainedBridging loans are a short term finance facility that can be taken out quickly and used for almost any legal purpose. They can be taken out for periods of just 1 day or up to 12 months, and are not a suitable long term borrowing option due to their high monthly rates of interest. Despite their high monthly rates of interest, bridging loans avoid the high set up costs and early repayment charges that can be associated with other types of finance, which makes them a popular form of short term borrowing. Closed bridging loansWhen a bridging loan is taken out for an exact period of time, they are referred to as a closed bridging loan. A common example of this type of loan would be when funds are required from the sale of a property before the agreed completion date. A bridging loan can be used to provide these required funds in the meantime, and will be repaid when the sale of the property completes. Therefore a closed bridging loan is one where the exit date or repayment date of the loan is known when it is taken out. Open bridging loansAn open bridging loan is a larger risk to the bridging lender because at the time of being taken out the exit date is either unknown or less certain than with a closed bridging loan. There will be an exit strategy, for example the loan will be repaid when a property is sold, but there may be no interested buyer at the time of taking out the loan, or the property may even need renovation work to be completed first. Closed bridging loans are therefore a smaller risk to the bridging lender than an open bridging loan. Why is bridging finance usefulBridging loans are quick to arrange and enable funds to be available in as little as 48 hours. Many bridging finance providers are also willing to accept property that is in a poor state of repair, derelict and in need on modernising or total renovation. One bridging loan can be secured on one or more properties in order to raise the finance required. Bridging finance usesIt is often impossible for all parties in a sale chain to agree a single completion date, so for flexibility and to prevent the loss of a sale or purchase a bridging loan can provide the funds to maintain the sale chain and successful completion. When buying a property at auction funds are usually required within 28 days otherwise large deposits can be lost. Because bridging loans can be arranged quickly they are often a popular method of raising the finance required to complete the auction purchase. Businesses and individuals from time to time come across absolute bargains that they would purchase if they had the funds available to do so. Since bridging loans can be arranged quickly they are often used to fund that 'deal of a lifetime'. Commercial bridging loans are often taken out by businesses that need to solve a short term cash flow problem whilst they are waiting for alternative finance to be put in place or a large customer to pay their outstanding invoice. They are also used to fulfil unexpected large orders and will be repaid once the orders have been paid for. Traditional lenders will often refuse to lend on dilapidated properties and when they do they usually have lots of conditions and retentions that can make work difficult and expensive. Bridging loans are a useful source of finance that can be used to renovate and repair this type of property. Once the work has been completed the property can be sold or if being added to a property portfolio it can be refinanced by means of a commercial mortgage or even a buy to let mortgage. Commercial bridging finance and bridging loans explainedBridge loans are short-term loans that are usually taken out between 2 weeks and 3 years, and act as a temporary financing solution for individuals and businesses until longer-term financial stability can be obtained. When the organisation or person has become financially secure, they will be able to pay back the bridge loan to the lender and continue on to expand their business or real estate. Bridging loan rates are typically higher than other financing facilities due to the inherent risk such a loan imposes. However, they are incredibly popular amongst those looking to close real estate or give their company a cash injection quickly and efficiently, as the amount of documentation required is minimal. KIS commercial finance for secured bridging loansIf your business requires short-term commercial finance to go get to the next level, consider taking out secured bridging loans with KIS Commercial Finance. We can provide commercial bridging finance from £25,000 up to £5 million, and offer special plans allowing businesses to take out secured bridging loans for as much as £100 million depending on the circumstances of our clients. Our bridging loan rates are incredibly competitive, and we will work to ensure that our clients receive only the most suitable commercial bridging loans for their individual requirements. KIS Commercial Finance realises the importance of securing the best possible bridging loan rates, along with a considerable degree of flexibility and efficiency. That's why our secured bridging loans can take as little as 5-7 working days to arrange - even within 48 hours, in some circumstances - so we can get fast approvals for our clients. Using commercial bridging loansCommercial bridging finance is suitable for a myriad of purposes, all depending on the unique circumstances of each business or individual. KIS Commercial Finance's secured bridging loans are available to the employed, self-employed, companies and partnerships, and we even consider circumstances including clients with CCJs, discharged bankrupts and arrears to provide sustainable commercial bridging finance and great bridging loan rates in even some of the most strenuous financial situations. We can offer commercial bridging loans for domestic houses and flats as well as investment properties; farms, land and building plots; and offices, shops and factories. Commercial bridging finance can be useful for the fast purchase of a property, preventing repossession, repaying any personal or business debts, and even just to keep a place in a sale chain. Best rates for commercial bridging loansFlexible, short-term, secured bridging loans are designed to assist businesses and individuals with unique and often difficult financial circumstances the opportunity to become sustainable or begin to develop quickly and efficiently. We are well-placed to offer the suitable bridging loan rates for business and individuals in a wide range of different circumstances. KIS Commercial Finance's competitive bridging loan rates start from just 0.75% per month, and we are willing to consider offering commercial bridging loans to clients even with dilapidated properties as part of our ongoing efforts to assist hard-pressed businesses and individuals in obtaining complete financial stability. So, if you need funds raised quickly and believe commercial bridging loans could help, consider taking one of the commercial bridging finance options available from us today. Please call us today for more information about our bridging finance facilities. |
        |
