Ultimate Finance launched its semi-commercial bridging loan to its full UK broker network following a successful trial with select broker partners. The product offers short-term funding of up to £4 million for properties that combine both residential and commercial elements.
The semi-commercial bridging loan supports a range of scenarios including purchases, refinancing and refurbishment, as well as development exit strategies, where borrowers require a time-sensitive funding solution.
“The trial confirmed there is consistent demand for a clear, practical semi-commercial bridging proposition,” Liam Cavanagh, head of bridging finance at Ultimate Finance, said. “Expanding the product across our broker network is an important step and reflects the feedback we’ve had on where support is needed. We look forward to working with brokers to help their clients progress mixed-use transactions with greater certainty.”
