9

Nucleus

Property
Finance

Bridging Loan

A secured, short-term business loan backed by residential or commercial property up to £20m.

Short-term
Up to 2 years
New lower pricing
£25k to £20m

What is a bridging loan?

A Property Finance bridging loan is typically used for commercial or residential property purchases. For example, in the event you can't find the necessary funding for a new business premises, a bridging loan is often a viable short-term option. This type of funding is useful when you have a clearly defined plan for financing - for example, if you're waiting on a mortgage application but need to make a property purchase right now.

The standard package can be up to £20m in value and usually lasts 12 months in duration. As this kind of finance is designed to 'bridge' a gap, it is designed for short-term use and the agreed repayment and interest are settled at the end of the term in one 'bullet' payment. Bridging loans differ from term loans in that they are specifically tailored to be temporary and a business can use the time to find longer-term finance that may be a better fit and then refinance at the end of the term.

To learn more about bridging loans download our fact sheet

HOW IT WORKS

Due to the nature of the Property Finance product, the time it takes from application to funding with a bridging loan varies, but is typically two to three weeks. To speed up your application, make sure you have employed a capable solicitor prior to application and have your documents readily available.

STEP
-1-

You identify that your business needs finance and make an enquiry.

STEP
-2-

We call you for a consultation and confirm that your business is eligible.

STEP
-3-

You send us your documents and we send you an offer.

STEP
-4-

We complete a valuation on the property that you own.

STEP
-5-

Once all the legal work and documents have been completed, you receive funding.

CHECK ELIGIBILITY

Other types of property finance

Eligibility

  •  Property owner in England or Wales
  •  From start-up
  •  Business registered in England and Wales

Documents

  •  Latest three months business bank statements
  •  Full set of business accounts
  •  For start-ups: cash flow forecast and business plan
CHECK ELIGIBILITY

More Information