Short-term bridging loans
A short-term bridging loan stands as a favoured financing choice among property developers and investors, offering enhanced flexibility and strength in land and property acquisition endeavours. Bridging finance presents a versatile solution across various scenarios. It can aid in completing unfinished development projects and unlocking previously restricted capital. Additionally, bridging loans empower investors to seize opportunities such as purchasing land or property at auctions. Moreover, they serve as a valuable resource by providing capital that mainstream lenders may not extend due to property or site conditions.
Loan terms and repayments
The terms and repayment conditions for a short-term bridging loan are tailored to the unique circumstances of the applying organization. Loan amounts can vary between $200k to $7.5 million.
First mortgage rates commence at 6% per annum, while second mortgage rates begin at 1.2% per month.
Secured loans entail an establishment fee of 2.2%. Below, we present a case study exemplifying a bridging loan structure, including the recourse agreement and loan duration.
For a comprehensive understanding of representative rates and terms tailored to your specific project, feel free to reach out to us for detailed discussions.
Why Andorra Private when sourcing your bridging loan?
Andorra Private provides fast, flexible commercial finance through our private lending partners, which is very different from traditional lenders such as banks. We work with select private financing businesses to ensure an optimal outcome for your project. Our thorough research ensures you are paired with a private funder who is trusted within the industry and aligns with your goals.
Commercial business funding experts
Our specialist team is highly experienced in handling complex applications for business owners of large projects and can provide invaluable input at this stage.
The best business loan interest rates – fast
As a boutique brokerage with strong market connections, we can offer excellent commercial loan rates and secure approval quickly, with capital deposited faster.
Transparent cost structure
We don’t bury hidden fees and charges or unexpected establishment fees deep in terms and conditions. As a small business, you can be confident in our total transparency. Learn more about our partner’s business loan offers, and discuss your financial situation and eligibility to apply.
Want to learn more? Speak to one of our specialist brokers today
Frequently asked questions with commercial property loans
It is with Andorra Private!
We strive to make the application process and assessment efficient and frictionless. Timing can be as quick as two to three days, provided all documentation is submitted.
Andorra Private’s lending partners terms typically range from one to 24 months.
However, we are flexible both at the point of application and, indeed, during the term of the loan.
