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Commercial Property Loans from £100,000 to £5,000,000. Find Out How.

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Do You Need a Loan to Buy Commercial Property?

There are many reasons why a business may be looking for a loan to buy commercial property. But whatever the reason, and whatever the size of your business, you’ll want to speak to a financial professional who understands your requirements. That’s where Swift Property Finance can help. We’re experienced in arranging commercial property finance for many different types of borrowers, so read on and see how we can help.

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What types of commercial property can finance be used for?

There’s a massive range of commercial property that a business may want to secure finance for. The majority of the commercial property sector is made up of offices, retail property, such as shops, industrial building, including factories, and leisure property, which might consist of restaurants, bars or hotels. Commercial properties also include farms and agricultural buildings. Commercial property purchases are made by all types of businesses from those who are just starting out to those who are expanding or relocating.

Whatever reason you are looking at getting loan to buy a commercial property, speaking to a specialist such as Swift Property Finance can help make the transaction go smoothly.

Finance for commercial properties

How can I get commercial property finance?

Firstly you need to be sure that the property is eligible. For a commercial bridging loan at least 40% of the property should be being used for commercial purposes. To give an example, if you are purchasing shop with a flat above it then the retails unit’s value would need to be 40% or more of the total property value.

As with any time of business finance, any company looking to secure a loan for purchase of a commercial property will need to supply lenders with clear and detailed financial information. If you are considering a bridging loan, commercial bridging loan lenders will want to know how you intend to repay the loan; this is known as the exit or exit strategy.

What are Commercial Bridging Loans?

Commercial bridging loans are short term loans which can be used to fill a gap in financing quickly. They can be used for a number business reasons, not only the purchase of a commercial property, including financing tax liabilities or providing your business with working capital. Whatever the reason, as with all bridging loans, the important thing is that you are able to provide a valid exit strategy.

A bridging loan for a commercial property can be used by company entities that may struggle to access other forms of high street finance. These entities may include limited companies, foreign nationals or businesses incorporated in the Channel Islands. In addition as the time to completion is relatively short bridging loans are very useful to take advantage of those attractive business opportunities that often come up at short notice. They allow you as a business owner to move quickly to seal the deal.

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Commercial Bridging Loans: More Details

How much can I borrow?

Minimum loans are £100,000, with maximum amounts going up to anything as high as £5,000,000. For bridging loans the amount the lender is prepared to lend is calculated on the full market value of the asset being used as security – often the property you are buying but could be any business asset you hold.

What’s the average interest rate on commercial property loans?

For bridging loans the interest rates tend to be higher than other more traditional forms of finance. These higher rates sometimes put companies off using bridging loans however you shouldn’t lose sight of the fact that as these loans are paid off over a shorter term the total interest paid may not be any higher than that on other types of finance. Interest rates tend to range between about 0.7% and 1.3% per month.

When do I need to pay the commercial bridging loan back?

As you’d expect from a short-term loan commercial bridging loans will need to be paid back relatively quickly. Loan terms go up to about 24 months, and can start from a few months.

Looking for commercial property finance?

Why Swift Property Finance Trustworthy, Bespoke, Independent, Quick

Swift are FCA regulated for your peace of mind

Personal Service

We work with you on a one-to-one basis to ensure that the product we choose together is the best one for you and your business. Swift Property Finance has experience in working with companies across a number of sectors, so you can be reassured that we’ll understand your requirements.

Quick Decision

We understand the importance of acting quickly in business to avoid missing out on opportunities for growth. Whether you want a small commercial property loan, or a larger amount to develop your company, Swift Property Finance will help you get your application completed within days.

Swift give you quick results
Swift give independent and impartial advice

FCA Approved

Swift Property Finance is authorised and regulated by the Financial Conduct Authority to give you peace of mind that we will handle all your commercial financing queries fairly and professionally.

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Swift Property Finance, 84 Hamilton Road, Motherwell, ML1 3BY