A semi-commercial bridging is a loan where the security property is mixed-use, meaning that it has both residential and commercial elements. This might typically be a local high street retail shop or restaurant with upper residential apartments.
An auction purchase may require a quick finance solution. Bridging has the advantage of providing funds quickly. Decisions can be given prior to the auction so that the completion of a purchase can happen within the tight deadlines.
Light refurbishment loans can be used for residential, commercial or semi-commercial properties in need of renovation. This involves decoration, modernisation or replacement of a bathroom or kitchen in the Property. No structural work is permitted for this type of loan.
Heavy refurbishment loans can be used for both residential and commercial premises. This loan is used for a property requiring structural works including extensions, conversions or reconfiguration for which planning permission may be required.
If extra time is required to finish a property development project where Development Finance is in place, a development exit loan might be the best solution. This type of loan can provide much needed time to help a developer to arrange longer term finance without the stress of having to clear the initial debt immediately.
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