Seneca Bridging

Seneca Bridging specialises in providing tailored lending solutions to property developers throughout the commercial and residential property investment market

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2012

Established

18m

Max term

50k - 2m

Min/Max Loan

1st

Charges

Seneca Bridging offers a wide array of commercial and residential bridging loan products, including finance for development and refurbishment of property. Because Seneca Bridging isn’t restricted by the same criteria as mainstream banks, this lender is able to offer a highly adaptable and responsive lending strategy that puts clients first, rather than forcing them to meet strict criteria. This means that Seneca Bridging’s loans are typically more adaptable and appropriate for a wider variety of borrowers than those on offer from other lenders.

Seneca Bridging provides loans to meet a variety of needs, including commercial investment. Large-scale finance is also available in the form of development finance, which allows property developers to act quickly when securing new real estate; the ability to move swiftly and decisively is crucial to success in this highly competitive sector, so the services of Seneca Bridging are vital for property developers.

The terms on offer from Seneca Bridging can be altered to suit the needs of different clients because this lender appreciates the need to accommodate the subtleties of each individual situation. Seneca Bridging offers clients top-level service and adaptability in a highly flexible, highly competitive package that’s well-suited to the demands of modern commerce.

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Contact Seneca Bridging

Seneca Bridging
12 The Parks
Haydock
WA12 0JQ

+44 194 229 5982

senecabridging.co.uk

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Frequently asked questions

What is a bridging loan?

A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.

What is a commercial bridging loan?

Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.

How can businesses use a commercial bridging loan?

There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.

Can commercial bridging loans be secured against semi-commercial property?

To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.

Can private landlords use commercial bridging loans?

Yes. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.   

Can commercial bridges be used to acquire brownfield sites before planning permission is obtained and run-down commercial premises that are hard to get traditional mortgages against?

Yes. Absolutely. They can be very useful in both the above instances and to solve a variety of other problems.

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