Semi-Commercial Bridging Finance

Semi Commercial Bridging Loan

Looking for a trustworthy provider for a semi commercial bridge loan? MS Lending Group can help. Find out about our semi commercial bridge loan product here, we are proud to bring to you our fast, reliable and convenient option to bridging finance so you don’t have to wait around any longer for solutions to pursue business ventures.

What Is a Semi Commercial Bridging Loan?

In simple terms this kind of loan is for those opting for semi bridging loans for commercial property, while still using the property for other purposes. This might include, for instance, a property that is used for commercial use and residential use simultaneously. 

The loan essentially covers costs for purchasing such property, helping to bridge the gap between the purchase of a new semi-commercial property and the income of the funds for such from elsewhere.

Benefits of Semi Commercial Bridging Loans

There are a huge range of benefits of commercial bridging finance, but the key is how reactive you’re able to be when it comes to finding the right property. 

We understand that it is incredibly frustrating when you wish to jump at an opportunity but there are other external issues stopping you from doing as such. These issues make for stunts in a business’ progress, stopping you from being able to jump at opportunities when they arise. 

However, with the help of commercial mortgage bridging finance from the likes of us at MS Lending Group, you’re able to bridge this gap and have the potential to jump at a semi commercial property when it lands on the market without waiting around to sell your previous. 

We get the funds fast, in a secure manner and understand how important it is to get the right plan in place, so count on us to be your partner during this time and lean on us for fast financial solutions.

What Semi Commercial Bridging Loans Can Be Used for

Our commercial bridging finance lenders offer a range of solutions, but some of the most common usages of these bridging loans include, but aren’t limited to:

• Properties for mixed use (e.g retail units on the ground floor & residential units above)
• Developments for mixed use (e.g. large scale developments that consider both commercial and residential property)
• Property conversions either from retail to commercial or vice versa

So, whenever you are in a situation that requires bridging finance, commercial property apparent, then you can rely on us for the solution. If you find yourself in any situation, get in touch with us today for more information on how we can help your business ventures soar.

Why Choose MS Lending Group

So, why should you trust us to handle bridging finance for semi commercial property ventures? 

We have been trusted by numerous people, all looking to kick start their business, so it is incredibly important to us to help you as quickly as possible, without compromising on quality of service.

Choose us for bridging loans for business and talk to us about how we can help you.

What People Want to Know…

“What’s the fastest I can secure funding to purchase semi-commercial property before another buyer swoops in?”

When it comes to the most time efficient way of finance for a semi-commercial property, a semi commercial bridging loan from MS Lending Group is one of the most effective options. 

Because bridging loans are a product designed specifically for short-term funding of semi-commercial properties, speed is paramount so you could complete the purchase well ahead of a traditional mortgage route.

When we talk about “semi commercial finance” or “finance for semi-commercial properties”, what we mean is funding secured against a property that has both commercial and residential components (for example a retail unit with flats above). 

The process for a semi commercial bridging loan is easier than ever with our team at MS Lending Group as we assess the property, your exit strategy (refinance, sale, longer term mortgage), and the loan-to-value (LTV) ratio and because they specialise in semi-commercial bridging finance, decisions can be made very rapidly. 

In many cases, MS Lending Group can issue an agreement in principle pretty quickly, and completion can happen within days rather than months. If you find yourself up against another bidder, this speed is critical, since you can pose as a cash buyer thanks to the bridging finance giving you a competitive edge.

Of course, while speed is vital, you still need a clear exit plan, like how you’ll repay the bridging finance once the short-term term ends. Whether that means refinancing to a longer-term mortgage or selling the property, any lender, including ourselves, wants to see the repayment route and ensure the structure supports it.

With the right plan in place, a semi-commercial bridging loan can help you secure the deal before someone else does.

“What bridging finance options exist for semi-commercial Victorian buildings I want to convert?“

If you’re looking at a semi-commercial Victorian building, you’ll likely need a funding solution that recognises the particularities of such a property. Here’s how a semi-commercial bridging loan (or more broadly, semi-commercial property finance) can help you convert a Victorian building effectively.

When considering Victorian buildings, there are common hurdles across the board, often including refurbishment costs and of course listed-building constraints.

Normally, you borrow short-term against the value of the property (or the expected value after works), you use the funds for acquisition and potentially conversion, and then you either refinance into long-term finance or sell once the works are complete. 

So, bridging finance comes into it as a semi-commercial bridging loan product offers up to around 70% LTV for semi-commercial assets. 

Plus, since you’re dealing with a building primed for conversion, the lender will want to see your exit strategy, for instance you may want to convert into flats and thus opt for a residential mortgage, or continue commercial use. 

The flexibility of semi-commercial bridging finance means you’re not locked into a one-size-fits-all product, lenders like our team at MS Lending Group evaluate each case based on the specifics.

In practical terms, once funds are released, you can move fast by buying the property and undertaking the works needed to increase the value inherent in the Victorian building. 

Bridging loans allow you to avoid being limited by the slower pace of traditional mortgages or long underwriting times, you’re in a better position to take the opportunity when it arises. 

With semi-commercial property finance, you’re bridging the gap between purchase and long-term outcome.

“Can I get bridging finance on a semi-commercial property? It’s got a flat above a shop“

Yes, in fact, this is a very common scenario for a semi commercial bridging loan or semi-commercial property finance.

Lenders like ourselves at MS Lending Group explicitly cater for properties that have both residential and commercial elements. 

Initially, when you apply, the lender will look at several key factors; these normally are the value of the whole property, the rental income (if any), the all important exit strategy and the loan-to-value they’re prepared to offer for such a mixed-use asset. 

The product description for semi-commercial bridging loans generally allows for up to 70% LTV in many cases. 

The process usually involves a property valuation, it is important to remember that this can sometimes be desktop if the loan is small, a short underwriting timeline, and an assessment of your plan. 

Because the property has residential and commercial parts, you must satisfy both sides, the shop’s commercial viability and the flat’s residential status.

Once approved, the bridging finance gives you the speed you need to complete the purchase or start the conversion, and later move into longer-term finance when you’re ready.

frequently asked questions

How Do I Know if I Am Eligible For a Semi-Commercial Bridging Loan?

The eligibility for bridging loans for commercial property or semi commercial boils down to the individual applying. Ultimately, there are a range of factors to consider, this may include credit history, income and the overall value of the semi-commercial property. We understand that a bridging loan is designed to be swift, but there are of course things to consider like an exit strategy and your preferred method of repayment. The best way to find out about your eligibility is to get in touch with us at MS Lending Group so we can assess the semi commercial bridging loan application and guide you on the next steps.

What is a Typical Rate For a Bridging Loan?

There is no one-size-fits-all when it comes to semi commercial bridging finance, which is why we suggest that you come to us so we can assess your situation. It is dependent on a range of factors like the term of the loan, your personal financial circumstances and of course the loan amount. Interest rates can be fickle and are subject to change, so you should consult with us to find out what yours would be.

Do You Pay Monthly For a Bridging Loan?

Typically, most bridging loans are used to fill the gap between gaining the funds to purchase a semi commercial property. That means that you will typically pay the loan back along with the interest once the funds have cleared. There are various ways to approach bridging loans in the industry, but for the most part it is a quick payment when you are unable to receive the funds you need right away. This way, the transaction is quick, complete and doesn’t require any monthly repayments as another expense.