The product offers three- to 12-month loans of between £100,000 and £5m, secured against both commercial and semi-commercial properties across England and Wales.
The maximum LTV at 0.75% is 60%, however, larger LTVs will be considered if additional security is provided.
Mike Strange, managing director of Funding 365 (pictured above), said: “We believe that borrowers shouldn’t pay over the odds for bridging, so we continuously assess our products to keep them competitive.
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“I’m delighted that we’ve been able to slash our commercial rate in particular as this strengthens our growing reputation as the go-to commercial bridging lender.”
Uses for the commercial bridging product include refinancing of maturing commercial debt, working capital for a business and investment property acquisitions.
Eligible properties include retail premises, offices, light industrial units and factories.
The move follows the launch of its short-lease residential bridging product in November.
Laura Kendall, marketing director at Funding 365, added: “With our promise to provide fair bridging finance comes a commitment to offer the most competitive rates that we can – to everyone.
“Like all of our advertised products, this newly enhanced commercial product is available to all brokers and contains no hidden fees or surprises in the small print.”
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