If you want to raise funds quickly on a commercial property already owned or for the purchase of a commercial property that you are looking to buy, then a commercial bridging loan could be the ideal solution for you.
What separates a bridging loan from a conventional financial product is two very important things.
As a long term method of finance a bridging loan is expensive and should not be used for this type of financing.
Therefore using a bridging loan to buy at a property auction is a common and sensible option, but people need to check to see if they are eligible for a buy to let mortgage otherwise they may have a problem when it comes to clearing the bridging loan.
ClickPress, Mon Jul 02 2012] Over the past few years the number of people taking out bridging loans has increased dramatically with the amount of bridging lending doubling during the last 12 months alone.