Large Commercial Bridging LoanBig commercial bridging loan
Arnott has dealt with my job interview and kept me up to date during the normally busy time. It was incredible how happy I was to find Clifton Privatefinance after searching online as their services were more than excellent. Most of the documents were sent by e-mail almost immediately and the necessary financing was organised within a few workdays.
Totally brillant. After all, the services were first-rate, everything was done in an efficient manner, and they were always amiable. Robert, my consultant, was very useful in the search for the right mortgages for me. It kept me up to date throughout the whole trial and addressed any problems that might arise. Arnott has been involved with my job interview and kept me up to date during the normally busy time.
What is the average duration of the bridging loan?
Latest reporting has shown that the mean duration of interim financing is becoming longer and longer. How long does it take to get a bridging loan? What is the duration of a bridging loan? What are the reasons for the increase in conditions for bridging loans? Such a possibility is to offer longer maturities of up to 48-month.
Theoretically, this should avoid a situation where creditors do not meet their credit obligations if their real estate is not sold as quickly as they had expected. Rather, these creditors take the initiative to consider the specifics of a case and flex their terms to help the debtor as much as possible.
This means that if you are an advanced borrowing with a large investment and a clear loan record, a creditor can expand the parameter. This influences the mean bridging period.