Secure a fast non-status commercial bridging loan from Charterbank and achieve your commercial property goals.
Whether you are looking for finance to secure a commercial property purchase or to fund the improvement or refurbishment of an existing commercial property, Charterbank can provide quick non-status commercial loans. We can work to your timescales and tailor lending to fit most circumstances, including adverse credit.
Tailored product timeframes • Quick approval • Open to LTD companies and LLPs • No monthly interest payments • No upfront fees • No Zero exit fees or penalties
Need Finance? Get a quick quote
What is a commercial bridge loan?
Commercial bridging loans and finance from Charterbank are available to assist with the purchase, improvement, (including EPC performance), refurbishment of commercial and semi commercial property across England and Wales. All commercial property types are considered, including land and mixed-use property. Charterbank’s commercial bridging loans are available for vacant or tenanted property, which can be subject to a variety of commercial and residential leases and terms including part-let. Our bridging finance facilities can be utilised to purchase, refinance or re-bridge commercial property and are available in the shortest of timescales, including finance for commercial properties with no EPC or a failed EPC. Loan facilities are provided on a non-status basis; this means that the decision making and underwriting process for the loan is asset based. Decisions to lend are not dependent on the credit score or income status of the Borrower.
Helping clients secure capital
to facilitate commercial property success
How can a commercial bridging loan be used?
Commercial bridging finance is a form of short-term finance, similar to a mortgage but available within a faster timeframe for a shorter term. A loan facility is made available to a borrower for a set period of time with finance being secured by way of a 1st or 2nd legal charge over the commercial or mixed-use property. Loan terms are typically for a period of up to 1 year.
A commercial bridging loan be used to purchase a commercial or mixed-use property. Existing commercial or mixed-use property can be re-financed to repay term finance or a commercial mortgage that has expired/is in default. It is also possible to re-bridge or re-finance an existing commercial bridging loan that has expired/is in default. Commercial bridging finance can be raised and used for any legal business purpose and is not limited to the purchase of property.
Is commercial bridging finance for you?
Individuals, limited companies, LLP’s, partnerships and some pension schemes can get a commercial bridging loan. Charterbank provide non-status commercial bridging finance; this means that the decision making and underwriting process for the loan is asset based. Decisions to lend are not dependent on the credit score, income status or accounts of the Borrower.
You can contact us for an informal discussion about your commercial bridging requirements or apply online.
Commercial bridging finance FAQs
Can I get a commercial bridging loan to improve or refurbish a commercial property?
A short term bridging loan can be used to improve or refurbish a commercial or mixed-use property. Properties in any condition including poor or un-mortgageable condition are suitable for bridging finance provided there is sufficient means to carry out the works to the property. This can be via the borrowers own funds, or such amount can be drawn from the bridging loan.
Can I get finance to improve the EPC rating of commercial property?
Finance to improve the EPC rating of a commercial property is available from Charterbank. We can provide a commercial bridging loan to carry out EPC improvements and enhancements to increase the EPC rating of the property. Finance for failed or no EPC is available for all types of commercial property.
How fast can I get a commercial bridging loan?
Fast bridging loans for commercial cases can be completed in as little as 1 week. Charterbank’s decision making process is purely asset based which means decisions to lend can be made quickly yet with surety. We also offer the same efficiency for residential bridging loans too.
Can I re-bridge a commercial bridge loan?
Yes, Charterbank can provide commercial bridging loans/commercial bridging finance solutions for all types of commercial and mixed-use property including re-bridge (repaying an existing bridging loan), even if the existing loan facility is in default or has been repossessed.
Can I get a commercial bridging loan after repossession?
Yes, Charterbank can provide a non-status commercial bridging finance solution including re-bridge even if the existing loan facility is in default and/or when LPA receivers, administrators or liquidators have been appointed.
Can I repay commercial bridging finance with another bridging loan?
Yes, Charterbank can provide commercial bridging loans/commercial bridging finance solutions including re-bridge (repaying an existing bridging loan) even if the existing loan facility is in default and/or when LPA receivers, administrators or liquidators have been appointed.