We help you get the perfect Bridging Loan, Residential or Commercial – Basic Finance
What is a bridging loan?
A residential bridging loan is a short-term funding solution for people who are in the process of selling their existing home and have purchased another property. It’s very rare in the property industry to be able to line up both properties to settle on the same day. In the process that it takes to complete the transaction. Most home owners will be reliant on the sale of their home to settle on a new purchase. A bridging loan allows you to get short term finance to settle on your new purchase, whilst awaiting the sale of your old.
Can anyone apply for a Home Bridge Loan?
Yes, If you already own a property and are looking for a residential bridge loan to see you through a sale or a purchase, we can help you. Whether it is a commercial bridge loan or a residential bridge loan we will assist you with the application and get the necessary bridge loan financing on your behalf. This may be your first time applying for a home bridge loan and we will guide you, professionally and efficiently, through the process.
Does a bridging loan cost more?
Bridging loan doesn’t necessarily cost you more in the short term. However, if you’re unable to sell your home within a short period of time. then it can cost you more to sustain 2 mortgages while your home is awaiting settlement. Real estate bridge loans are perfect for someone who has existing interest in their property, potentially a contract signed and a longer settlement. Having an exit strategy on any short term lending is the key to utilising finance to work for you, not against you.
Can I apply for a bridging loan for a commercial property too?
Yes. Basic Finance will help you with a commercial bridging loan or a residential bridging loan. Depending on your needs and the property you are selling or buying. We work with all kinds of bridge loan financing. And each request is tailor made according to your needs. Bridge loan financing does not need to be complicated or stressful; it is what we do well.
Why choose Basic Finance for your bridging loans?
Our employees have the right experience. Working closely with our clients to understand their plans and objectives and help source the right loan you require. There is a full range of repayment plans, and you can choose a specific plan suited to your business type.
- Streamlined application process
- Quick approval within 24 hrs.
- Loan approval even for poor credit history.
- Low interest rate
- Loan amount $20,000- $20,000,000.
Of course, we would like to build a strong and healthy relationship with you. If you are interested in Basic Finance and would like to know more about our residential bridging loans. Commercial bridging loans and any real estate bridging loans. Short term property loans please set up a free consultation by calling 1300 792 284.