First and second charge loans for 3 to 18 months to individuals, partnerships, UK limited companies, limited liability partnerships and offshore borrowing entities in approved jurisdictions.
We lend against the security of office buildings, retail units, shopping centres, industrial premises and residential investments for purchase, refinance or unlocking working capital.
Loans are not available for cinemas, public houses (trading), night clubs, farms, stables, kennels, equestrian centres and other agricultural holdings, and any non-conforming, remote or unusual properties.
The terms below are indicative and we will always welcome a phone call to tell you more.
3 - 18 Months
3 - 18 Months
A) £250,000 - £2,000,000
B) £150,000 - £1,000,000
C) £250,000 - £1,000,000
D) £150,000 - £1,000,000
A) 0.85% p.m
B) 0.95% p.m
C) 0.95% p.m
D) 1.10% p.m
Purchase, refinance, working capital & equity release
Commercial investments and owner-occupied commercial property
Mixed use properties, etc
Individuals & partnerships
UK Limited companies and Limited Liability Partnerships (LLPs)
Off-shore borrowing entities in approved jurisdictions (minimum loan £250,000)
Cinemas, public houses (trading), night clubs etc.
Farms, stables, kennels, equestrian centres and other agricultural holdings
Non-conforming, remote or unusual properties
Petrol Stations (trading) and garages
Dilapidated properties (except for refurbishment)
First mortgage over the property
Second mortgage over the property
Personal guarantee(s), debenture and floating charge
The ABC of Commercial Property Loans
Access short term bridging loans from the people with more than quarter of a century of commercial property finance expertise.
What is a commercial property purchase loan?
There are typically two ways to raise a loan for commercial property. The first, a commercial mortgage, will fund the purchase over the long term, enabling an indiviual, partnership, LLP or limited company to buy a property over 25-30 years.
The alternative is a commercial bridging loan, designed to be a much shorter-term arrangement (ours are typically available for 3-24 months) which gives you quick access to capital and enables you to buy or renovate property. Alternative Bridging Corporation specialises in this form of loans for commercial property.
Why would I take out a commercial bridging loan?
You can use the short term nature of a commercial bridging loan to your advantage in a wide range of ways:
For many investors and developers, a traditional mortgage from a traditional lender doesn’t offer the right money in the right way at the right time. A long term mortgage is needless if the proceeds of sale form an existing project could settle the loan within months. And traditional funding routes often come with traditional delays. Securing approval can take months.
A commercial property loan with Alternative Bridging Corporation is different. It’s designed for the short term, and approval in principle will be given almost immediately.
Your property financing needs regular review to ensure arrangements that were appropriate months/years ago remain the best option. A short term bridging loan can give you time and space to find the right option when your current long term deal is expiring.
Costs have a habit of spiralling, and budgets which were once sufficient to cover the costs of renovation can suddenly fall short. Without working capital, progress can stall or costs can be compounded through delay. A bridging loan will give you the working capital you need to bring the project to completion.
Commercial developers will often use the proceeds of sale from one project to fund the next, but delays in the sale process can often mean the money remains locked in your property at the precise moment you need it to seal a new opportunity.
Use a commercial bridging loan to release equity in your current holdings so that, when opportunities arise, you have the liquidity to buy.
What commercial properties do you offer loans on?
Our commercial bridging loans are available on properties including:
- Retail units
- Shopping centres
- Office buildings
- Industrial and distribution premises
- Residential investments
We lend to investors, and the business community who intend to be owner occupiers.
What commercial properties would you not offer a loan for?
You can take a loan to purchase commercial property against a wide range of property types, but there are some exceptions for which we generally do not offer finance. These typically relate to the more unusual or agricultural end of the market and include:
- Night clubs
- Public houses (trading)
- Petrol stations (trading)
- Stables, kennels and equestrian centres
- Remote properties
In certain instances, for example where a larger holding includes one of the above as a small part of it, we may, dependent on the project and borrower specifics, be able to make an exception, so treat the above list as indicative and call us to explore your project finance.
How much can I borrow?
For first charges (see below), our commercial bridging loans start at £200,000. The maximum loan is £10,000,000. In the case of second charges, the minimum loan is £200,000 with a maximum of £10,000,000.
The loan to value (LTV) is up to 70% (65% for a second charge). As noted above, these terms are indicative, so please get in touch to discuss your project with us. Dependent on your circumstances, the property, the projected value etc we may be able vary amounts and terms.
First or second charge?
All our loans for commercial properties are secured against that property by a charge registered with the Land Registry.
Holding a first charge against a property will always be our preference when agreeing any commercial bridging loans as first charges will take precedence against any other subsequent charges. That’s why we will typically offer a larger loan as holder of the first charge, but unlike many other commercial property lenders, if we believe there will be sufficient equity in the property we will consider a second charge loan.
Why bridging finance with Alternative Bridging Corporation?
Developers and investors choose commercial bridging loans from ABC for a number of reasons:
- Because our default position is that we want to lend and work hard to remove obstacles rather than creating them.
- Because credit decisions are swift, aided by a structure that enables us to make decisions in principle fast – usually the same day.
- Because we know commercial bridging inside out. We’ve been doing it for more than 25 years and are members of our industry’s main trade bodies, the Association of Short Term Lenders and patrons of the National Association of Commercial Finance Brokers.
- Because we work transparently – with a clarity that applies not just to interest, repayments and loan values, but to ensuring you know where the money for your loan comes from. At Alternative Bridging Corporation, we are the lenders, which also means we aren’t constrained by the sort of pressures and limitations that can affect other lenders.
- Because we build long lasting relationships with our clients by getting ‘under the skin’ of their business so we can tailor loan arrangements that really work. It’s why so many of the people who arrange commercial bridging finance with us return again and again, project after project.
Will you say yes?
That’s the beauty of arranging commercial loans for property with us – we say yes all the time. Let us say yes to you, simply and swiftly.
Find the right commercial bridging loan for you now. Or to talk to us about your current or pending development/investment project, and to explore your lending needs, please get in touch.