£1.5m Bridge to Buy Business Premises as a Cash Buyer
How do you buy a £2m commercial building fast enough to beat the competition?
How we got it done.
What they wanted
Their own premises for their business, plus rental income from the rest of the building.
Why it was complex
Speed. They needed to buy as cash buyers to secure the building, which a commercial mortgage couldn't deliver in time.
How we structured it
A 12-month bridging loan secured against their home at a sensible LTV, with interest rolled up and a planned exit onto a commercial mortgage.
The outcome
The business now has its own premises and rental income from the other floor.
“When the deal is on the table, speed wins. Bridging let them act like cash buyers.”Josh Halsey, Founder and Director
Your home may be repossessed if you do not keep up repayments on your mortgage.
Bridging is short-term, higher-cost borrowing secured on your home. You need a clear exit, and your home may be repossessed if it isn't repaid.
This is a real, anonymised case shared with the client's permission. Every case is different, and outcomes depend on your own circumstances. We don't quote rates or guarantee outcomes.
Chatsworth Mortgage Group Ltd is an Appointed Representative of Cornerstone Finance Group Ltd, which is authorised and regulated by the Financial Conduct Authority.
In a similar situation?
Book a free, no-obligation call with Josh and talk it through.
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