Commercial Bridging Loans

Product Criteria

Purpose Property purchase, Capital raising & Refinancing against commercial property in mainland England & Wales. First Charge Only
Borrower Individuals, Partnerships & UK Limited Companies considered.
LTV Up to 60% of OMV
100% LTV available with additional security
Amount up to £1,000,000 (will consider higher amounts)
Interest Rate From 1.1% per month, Charged on a monthly basis
Loan Term Minimum 1 month, maximum 12 months
Fees Arrangement fee: 2%
Exit fee: Negotiable

Key Considerations

Property types Most types of commercial property considered.
Other Unacceptable security Farms, nightclubs, trading pubs, hotels, petrol stations, nursing homes and land without planning.
Property Tenure Freehold or long leasehold with a minimum of 60 years remaining.
Credit history No CCJs, mortgage arrears or defaults in the last 3 years. Any previous adverse information will be considered on an individual basis.
Limited Companies Director and/or shareholder personal guarantee(s) and debenture will be required in all cases.
Payment Options Interest will either be deducted from the initial advance or serviced by the borrower on a monthly basis, subject to proof of income.
Upfront fees No upfront processing fees will be charged. Prior to drawdown of the loan the only costs that the borrower will be responsible for are the valuation and legal fees.
Valuation fees All valuation fees must be paid upfront. The fee covers the cost of an external valuation report. Valuation fee charged will be dependent upon the property type & value.
Legal fees The legal work will only commence on receipt of the legal fees. The borrower will be responsible for Signature Private Finance’s legal fees as well as its own solicitor’s costs.
Exit route We require clearly defined exit routes on all cases (i.e. sale or refinance).

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