Bridging Finance
ROSS COMMERCIAL FINANCE
Bridging Finance or Short Term Finance is required for a range of scenario’s and here at Ross Commercial Finance we understand the ‘Need for Speed’ and competitive rates with Bridging Finance. We understand that a bridging lender needs to be flexible and have a ‘Human touch’ and sensible approach for our clients.
We can provide Short Term finance / Bridging secured on any Commercial or Residential property as well as Land.
Please see a range of scenarios where a bridge can be required
- Purhase a property/land fast
- Purchase a property or land at Auction
- Purchase a property or land to gain planning or change of usage licences
- Refurbish a property
- Conversions (commercial to residential, HMO or change single property to multi use)
- Buy a property to increase the value (then refinance to take out maximum borrowing based on new value once works are done)
- Purchase a vacant property and gain strong leases to be able to exit to a tier 1 lender for exit to a mortgage
- Below Market Value (BMV) transactions. Can fund up to 90% of the purchase price as long as its no more than 75% of the value of the property (with background assets with equity can get 100% borrowing for purchase and 100% for money for the works)
Short term finance
We can provide short term finance secured on a target property or existing property for nearly any circumstance including things like Tax bills, VAT, Divorce settlement, Cash Flow injection. If you have a requirement for fast cash then Bridging can be a great option.
Examples of what and who we can support
- Individuals, Limited companies, SPV’s, Charities and Overseas Entities
- Purchase a new property/land or re-mortgage to get a better rate or release cash
- Interest Retained or Serviced
- Terms from 1 month to 36 months
- Up to 100% lending available (depending on background assets)
- Top slicing on background income available in certain scenario’s
- Lending from £25,000 upwards
- No background experience required
- No background income needed
- Lending all over the UK including Scotland and Northern Ireland
- Can fund Foreign Nationals and Expats
- Market Leading Rates
- Can fund clients with adverse credit
- Physical valuation not always required
- 1st, 2nd and 3rd Charge bridging available
