Commercial Bridging Loan
A commercial bridging loan is a short-term loan backed by commercial property.
They can be used to buy property as an investment, as a company location, or to cover operating costs.
Borrowers must have a plan in place to repay their bridging loans, such as converting to a commercial mortgage or selling their home.
A bridging loan can be used by a company to swiftly buy a commercial property. This property might be used to run a business out of, or it could be used as an investment to sell or lease following refurbishment.
Commercial bridging loans can be used to purchase a variety of commercial properties, including:
- Public restrooms
- Units of production
- Stations selling gasoline
- Units of commerce
- Homes for the elderly
- Agricultural structures and farms
- Dentists and doctors