Short term loans for commercial purposes secured against property and land. The majority of our bridging loans are used for acquisition however we do lend for refurbishment or to avoid breakdowns in chains.
Ground up developments or conversions can benefit from our extensive development finance options. We can often lend 100% of the development costs. From building a few apartments to a large scale mixed scheme, we can help.
Longer term solutions at lower rates, often useful as an exit from a bridge. Commercial mortgages can be taken over 20+ years. Manageable long term debt to help facilitate business growth.
“978 Bridging worked with us to secure funding for a mixed used property in Merseyside. Consisting of a 15 bedroom HMO above commercial units, with adjoining outhouses 978 Bridging sourced finance for 100% of the purchase price based on Open Market Value and worked with us during the negotiation of the purchase. The particular quirks of the asset, combined with some short term financial issues for our company, would have made the purchase impossible via traditional lenders. We were able to draw on 978 Bridging’s close relationships with their lenders to progress the deal. After completion, 978 Bridging and their sister company 978 Investment have assisted with the on going redevelopment of the site, including the complex process of refinancing and ultimate marketing for sale of the property on a split-title basis. Anyone who has completed a complex property transaction will know that the traditional 9 - 5 approach to business simply does not work. 978 Bridging were flexible and on call ‘after hours’ matching their availability to the nature of the deal.”