Masthaven Bridging Finance is offering an exclusive bridging product to members of the National Association of Commercial Finance Brokers (NACFB).
The FSA regulated lender has agreed a headline rate of 1.1% per month for all commercial bridging loans, subject to four criteria.
The property and/or business must be income producing, and the owner or third party tenant must have a good local covenant. The LTV is up to 50% and the minimum loan size is £150,000. There is no exit fee.
Richard Deacon, sales and marketing director of Masthaven, said: “Commercial bridging finance is a sector that Masthaven are really keen on getting more involved in. We have worked with the NACFB for a number of years and have developed a very strong relationship with their members. This is us putting something back into the industry and shows how committed we are to the future of commercial finance