Ultimate Finance launches semi-commercial bridging loan
By Tara SammonsThe loan is available for properties up to £4m
Section: Products
Ultimate Finance has introduced its semi-commercial bridging loan to its full UK broker network following a successful trial with select broker partners.
The product offers short-term funding of up to £4m for properties that combine both residential and commercial elements.
The new product supports a range of scenarios, including purchases, refinancing and refurbishment as well as development exit strategies, where borrowers require a time-sensitive funding solution.
Liam Cavanagh, head of bridging finance at Ultimate Finance (pictured above), commented: “The trial confirmed there is consistent demand for a clear, practical semi-commercial bridging proposition.
“Expanding the product across our broker network is an important step and reflects the feedback we’ve had on where support is needed.
“We look forward to working with brokers to help their clients progress mixed-use transactions with greater certainty.”
Keywords: Ultimate Finance, semi-commercial bridging loan, bridging finance, broker network, mixed-use property finance, short-term property funding, up to £4m loans, commercial residential property, refurbishment finance UK, property refinancing solutions, development exit strategies UK, property purchase loans