As a trusted independent lender, we use our own capital so we can make faster decisions and be more flexible than many other lenders. Our approach means if you have a financially viable opportunity – we have the funding to support you.
Loans from £500,000 with no upper limit
No early repayment fees
Same day decision – funds released quickly
Loan quotes – already funding approved
Flexible on rates as we lend our own capital
Swift and easy process
Call us on 0203 397 4871 or fill out our quick enquiry form below for a fast commercial loan quote.
A commercial bridging loan is a short-term funding option which is generally used to bridge the gap whilst a longer-term loan facility is secured, a change of planning/use is established and/or to facilitate works to the property. This is often with a view to enhancing asset value during the loan term.
Commercial bridging loans are used to purchase, refinance and/or develop/refurbish commercial property including:
Investors and developers looking to purchase, refinance, develop and/or refurbish commercial property often have to act quickly.
If finance is already tied up elsewhere within an existing portfolio, buyers can use commercial bridging loans provided by Novellus to obtain funding quickly.
Our key advantages include:
Novellus normally offer loan terms between 6-12 months, although this may vary.
The borrower is not tied into the full term and can pay off the loan at any time within the period without incurring any early repayment fees (save for the interest payable during the repayment notification period).
If a borrower is struggling to raise the funds required, Novellus can take into account the specific circumstances around the asset and borrower, allowing for more flexible lending.
So long as the borrower has a feasible exit strategy in place (i.e. refinancing the property with long-term finance, or selling the property), an application will be considered.
The borrower will need to provide security to act as collateral against the loan.
Applications where the borrower has significant capital entered into the transaction will be viewed favourably.
To help discover the approximate costs involved with bridging finance use the online bridging loan calculator for guidance.
Novellus offers a stress-free application process. For more information simply call us today on 0203 397 4871 or fill out our form below.