Characteristics of Commercial Bridging Loan London

Just why would you need a bridging loan London? Well, many reasons – not many people have ready cash available to take advantage of great property deals. Whether you plan to develop a property, build an entirely new space or refurbish an old one, there are so many opportunities to make money and up your property portfolio. To get what you want, you’ll want to be in touch with the best mortgage brokers London has to offer. Even if you’re planning on taking advantage of a great deal outside of the city, getting a mortgage advisor London is still a great idea, especially if you choose one that has access to and great relationships with financiers all over Europe.

 When it comes to commercial bridging loans, there are numerous aspects to consider, but the bottom line is that if you need to make a quick decision or take action before the deal you’re hoping to make goes to someone else, your best bet is to speak to a mortgage advisor London.

Although bridging loans often carry higher interest rates, it really is about short-term funding and getting the deal done. Bridging loan periods are a year or less – the assumption being that once you’ve acquired the commercial property, you will have the time to contract with a bank of your choice for a longer-term loan or finance, which will inevitably include the re-payment of your bridging loan. Or, you may have managed to do all the redevelopment you need and turned a profit even before the bridging finance period is up. When applying for commercial bridging finance, you will be given the choice of how long you want to take the loan for – this will impact the monthly re-payments; the less time you take the loan for, the less interest you will pay, but your monthly repayments will be larger.

 There are many advantages to getting a commercial bridging loan. One of these is that when you have access to a commercial bridging loan, you can present a strong purchase offer and the process is not nearly as arduous as a regular mortgage loan. You’ll get a quicker answer and quicker access to the funding you need.

 Silver Oak Capital is one of the best mortgage brokers London and their team members are all highly professional specialists with access to all the top financiers in Europe, which means they are able to find a commercial bridging loan deal that suits your unique needs. Because every person is unique and most commercial deals also have unique characteristics, it’s never as simple as just going out and getting finance. The nuances of your particular deal need to be taken into account and that’s where specialists are so important. Whatever your bridging finance requirements are, you’ll be given the very best advice and the Silver Oak Capital team will ensure that the deal you sign is shaped to address your needs perfectly.