wentworth Property Cosultants

Bridging finance is a tool that property owners may use to accelerate the growth of their portfolios, but because it is more expensive than other forms of financing, it should only be utilised in specific circumstances. 

Bridge loan interest rates are typically based on the six-month LIBOR index with a 4.5–5.5 point margin. However, keep in mind that this estimate is based on the property and the lender. The interest rates for bridge loans generally vary from 6% to 10%. Traditional commercial lending rates, on the other hand, range from 1.176 percent to 12 percent.

5-10 days is a reasonable timeframe for a bridging loan, with 7-14 days being significantly more usual. Some of the cheapest lenders have a far more stringent application procedure, which can take anywhere from 14 to 21 days to complete. In most cases, we can usually provide you with an indicative agreement in principle from a lender in 12 hours and credit-backed financial terms in under 24 hours.