A short-term property loan which is often referred to as a bridging loan is that type of loan that is obtained to augment a certain amount at hand to acquire an interest in a property. It is a type of loan that is obtained by a business to meet important property needs such as securing an apartment for business or converting an already existing home that is not habitable for living into a business property.
A short-term property loan is usually secured against the new property and requires that a certain amount will be deposited as security for the loan except in cases where other collateral will be made available to the lender.
Importance of Securing a Short Term Property Loan
- With a short-term property loan, business operators can easily bridge the gap that might exist between an already existing debt, and a desire for funds to secure a property. So, while you are still yet to pay up an existing debt, you can even have an opportunity to obtain funds to acquire property or make use of a property to secure funds.
- With a short term property loan, a desire in property can be sealed and guaranteed as it comes without having such opportunity fall through.
- Many times, short term property loans will not require any credit check, and as such, they can be achieved even with a bad credit score provided every other requirement needed to apply for it is available.
How to Secure a Short Term Property Loan with Basic Finance
Basic Finance has extensive experience in the financial products industry. The company is often recognized as one of the most prominent online lending platforms offering many loan products, services and consultations to companies and businesses. Among other loan services offered, is the short-term property loan which is comparably streamlined in application and requirements. No credit check is required to secure a short term property loan with basic finance. To apply, you have to visit our web page where you will be asked to offer certain information as to the type and nature of your business. We will also need you to provide us with the financial records of your business over the past two years. All of these is aimed at being able to ascertain the business’s general trustworthiness and ability to pay back short-term property loans provided and relevant interest.
Our company is made up of a working team who have many years of experience in lending and can offer your company any consultation as regards obtaining any of our loans. To ensure that we are ready for your queries, our customer care unit is always available to provide our customers with help and information about our company and loan services offered. We aim to maximise every opportunity there is to ensure that we can add value to your company or business, and as such, we await your application today! With us, you can rest assured of the best possible loan outcome.