FOR PURCHASING AND FINANCING COMMERCIAL PROPERTY
WHY CHOOSE MONOPOLY FINANCE FOR COMMERCIAL PROPERTY FINANCE
We pride ourselves on delivering a professional and efficient service for commercial Bridging.
Monopoly Finance specialises in arranging commercial property finance for business owners and individuals that require commercial bridging loans.
We regularly work with specialist lenders and wealth managers who are willing to provide short-term bridging loans to commercial businesses for a range of needs with a variety of circumstances.
What is a Commercial Bridging Loan from Monopoly Finance
Similarly to residential bridging, we can offer First or Second Charge commercial bridging loans against most properties in the United Kingdom. Commercial bridging loans are often used when there is a gap in financing that needs filling quickly.
Monopoly Finance Commercial Loan Features
Our commercial bridging loan offers:
- Interest charged with a 1 month minimum
- Interest on bridging loans can be retained or serviced
- Adverse credit to be considered case by case
- No exit fees on bridging loans as standard
Commercial Bridging Loans
For a Commercial Bridging Loan, the overall use of the property has to be more than 40% commercial. For example, if you were buying a retail unit with accommodation above it, the retail unit’s value would have to be more than 40% of the total value.
For landlords, or a landlord company, the exit strategy would usually be to refinance the loan onto a Buy-to-Let Mortgage, typically after doing some renovations to make the property suitable for rental. For commercial units that are bought using a Commercial Bridging Loan, the exit strategy usually involves refurbishing the unit then selling it or refinancing onto a conventional Commercial Mortgage.