Bridging Loans For Semi Commercial Properties
At Tiger Bridging, you can be sure to talk to decision makers, with over a decade in the market. With access to funds covering the whole of the UK, very fast turnaround, flexible terms and market-leading rates, Tiger Bridging can make your project fly and help you secure your property investment, even when other lenders say no!
We offer a truly bespoke service, with market-leading rates and the fastest turnarounds in the business
No credit check or bank statements
1st, 2nd and 3rd charge loans available
Emergency funding available within 48 hours
No monthly payments
No proof of income
Interest deducted from loan
Market-leading rates from 0.75%
100% available with additional security
Loans based on Market Value
Terms from 1-36 months
Loans from £100k to £50m
Discharged bankrupts welcome
No faster loans in the UK
England, Scotland and Wales
No set criteria
Loans to individuals, LLP’s or limited companies
Buying under value from an LPA Receiver
Buying at auction
Development and refurbishment
Developing an uninhabitable property
Purchasing before planning permission
Borrowing against value not purchase price
Unexpected tax liability
You need a loan based on the value
When conventional credit is refused
You need working capital
You want no monthly payments
When you need finance fast
Hotels and Pubs
Multiple occupation (such as HMOs)
Offshore special purpose vehicles (SPV)
Semi commercial property comprises of residential living accommodation with a proportion of commercial use within the property. There are numerous factors which can make up a semi-commercial property:
- Part of the property is rented out
- The commercial element is the property owner’s business
- The whole property is rented out on a formal lease agreement
As a result of the conservative loans offered by mainstream financial institutions, which tend to favour established borrowers, the semi-commercial property development market often opts for a flexible alternative. Bridging loans for semi commercial properties through Tiger Bridging are sourced from an exclusive network of lenders offering market leading rates available from 0.45%.
Commercial Bridging Loan Case Studies
A business owner required £900,000 to take advantage of a timely business opportunity. The capital funds were required asap, so the entrepreneur could close the deal. Our client owned an investment property in a prime part of Central London valued at £2.5m, with an existing mortgage of £500,000. Due to issues with his credit file in 2011 in the economic crunch, he was unable to secure mainstream buy to let funding to release the capital he required. A second charge loan was arranged for 65% LTV, including interest and fees. The client was then able to secure funding for the new business venture; with the new business able to secure refinance to take out the original second charge bridging loan.
A developer approached us to discuss a residential refurbishment property valued at £550,000. The client was unable to secure a mortgage, due to the property requiring significant work for it to become habitable, and therefore unable to attract a mainstream mortgage. Within a two week period, we provided a 70% LTV facility for 4 months, with the interest and majority of fee payments rolled up into the loan. This allowed the client to purchase the property and carry out the works; and in doing so, increasing the value of the completed project. The developer then exited the bridging loan facility by refinancing the property on a normal commercial buy to let mortgage.
The client wanted to purchase a mixed use property for £1.2m, comprising ground floor shop frontage, and a tired collection of residential units, that had fallen into disrepair. The borrower was unable to get mainstream finance to complete the purchase or conduct the refurbishment works. Through a first charge 65% LTV bridging finance facility with us, the developer was able to complete the purchase, and convert the project into 9 individual apartments over a 6 month term.
Get a Quote
The first stage is a call or an online application using the form below.
Call us: 0207 965 7261 Email: firstname.lastname@example.org
Helping Out Your Semi Commercial Property
There are various types of properties which bridging loans for semi commercial properties are appropriate:
- House and salvage yard business
- Detached home with industrial yard heavy haulage business
- Garden nursery business with detached home
- Boarding kennels and cattery businesses
- Boutique cat or dog hotels
- Main residence with holiday cottage attached
- Small holding farm with owner’s accommodation
- Home based health & beauty clinics
- B&B and Guest Houses
- Retail shop with owner’s accommodation attached
Developers and investors may need funds for initial purchase of the semi commercial property, for renovation, conversion or redevelopment. At Tiger Bridging, loan terms range from 1-24 months depending on individual project requirements.
As a result of many semi-commercial property developments being forward-funded, speed and efficiency is a necessity when it comes to sourcing funds. Flexible and bespoke bridging loans for semi commercial properties can be effectively sourced through Tiger Bridging. In most circumstances, funds can be available within 2-3 weeks. In some circumstances however, funds may be accessible in just 48-72 hours.
Apply for bridging loans with Tiger Bridging today.