Positive Commercial Finance - Bridging Finance

Bridging Finance

Positive Commercial Finance can help provide short term bridging finance for a wide range of transactions.

Bridging Finance is a way of raising short term finance in a very short time period and is usually secured against a residential or commercial property. As a bridging loan is secured in this way, personal credit history is not always as relevant as with applications for other types of finance. It is typically used to bridge the gap between a purchase and either a traditional re-finance or sale. Commercial bridging finance can also ease any short term cashflow problems.

We understand that two residential or commercial bridging deals are never the same so a flexible approach is adopted.

We can give you a same day decision with up to 100% bridging finance facilities LTV available. Quick loans for all property types are considered - Bridging Finance is designed to be quick.

Bridging Loans can be used for many different uses, for example:

Residential bridging loans
A couple had agreed to purchase a property in Spain to retire in. Their home in Bacup had plenty of equity. We arranged a four-month short term bridging loan to enable the property in Spain to be purchased and the house in Bacup to be sold on the open market.

Commercial bridging loan
A company in Nottingham owned a substantial freehold building valued in excess of £600,000. The Directors needed to raise £450,000 in a week. We successfully completed the quick bridging loan with two days to spare.

Auction bridging finance
We can provide quick bridging finance for any purchases at auctions. This can be arranged before or after the auction event.

Adverse or bad credit bridging loans
We can facilitate loans to borrowers with a bad credit history which may include CCJ’s and mortgage arrears. In many cases bridging loans can be arranged to stop bankruptcy occurring.

Impulse property purchases and bridging finance
Mr D had decided to purchase a property without planning consent. A valuation came back at £400,000 and we arranged a bridging loan of £300,000 to complete the purchase. Planning consent was subsequently gained and we were able to advance another bridging facility of £200,000.

Second charge bridging loans
We can help facilitate Second Charge Bridging Loans, meaning that we can lend even if the borrower is still making mortgage or re-mortgage payments. Mr Z had fallen behind on his mortgage payments. We funded a second charge bridging loan that paid of the arrears. The property was then sold and repossession was stopped.

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