Commercial Acceptances Bridging Loans

Commercial Acceptances has provided short-term property finance for close to 40 years, becoming part of Close Brothers Group, the UK’s largest independent fully quoted merchant bank, in 2008.

We are dedicated property lenders specialising in short-term bridging finance, development finance and refurbishment finance. We know and understand our market. We support established and experienced residential and commercial property developers, investors and traders.

Commercial Acceptances provide short-term bridging finance, development loans and medium term investment loans to professional property traders, investors and developers to include private individuals, partnerships and limited companies. Loans can be secured against residential property, commercial property or land.

Bridging Finance (CA)

From £50,000 to £10 million
Interest from 0.75% per calendar month*
No arrangement or exit fee
Up to 70% of the 180-day Market Value
We specialise in Auction Finance
6-12 months

Longer-term Finance (CA Trade)

From £50,000 to £10 million
Interest from 6% p.a**
Commitment fee of 1% of the loan amount
Exit fee from 1% of the loan amount
Up to 70% of the 180-day Market Value
12-18 months

Development – refurbishment, conversion and new build

From £50,000 to £10 million
Interest from 6.5% p.a**
Commitment fee from 1% of the loan amount
Exit fee from 1% of loan amount or GDV dependent on term, size and complexity of the development
Up to 60% loan to GDV
Loans to experienced developers

Heavy Refurbishment – refurbishment and conversion

Up to 65% loan to GDV
Maximum cost of works £500,000 (no new build)
Interest from 6.5% p.a**
Commitment fee from 1% of the loan amount
Exit fee from 1% of loan amount or GDV

3-5 Year Medium Term Investment loan (ITL)

From £50,000 to £5 million
Interest from 5% p.a**
Commitment fee from 1% of the loan amount
Exit fee from 1% of loan amount
Up to 70% of the 180-day Market Value
36 – 60 months
ERC’s will apply

Bridge-to-let

From £50,000 to £5 million
Bridging loan followed by conversion to 3-5 year Investment Term Loan (ITL) once the property is generating sufficient income and any other qualifying criteria have been met
Prior to conversion, interest from 0.75% per calendar month* Once converted, interest from 0.42% per calendar month*
6-12 month bridge
Maximum 60 months
ERC’s will apply

Commercial Acceptances does not provide regulated mortgage contracts, where it is either your or an immediate family member’s intention to occupy the property, either now or at any time in the future.

*Calculated daily and chargeable on the amount borrowed every calendar month or part thereof. Rates are subject to change and will increase or decrease in line with movements in the Bank of England Base Rate. Rates will be adjusted on each calendar month anniversary of the facility.

**Calculated daily and chargeable after close of business on the last calendar day each month. Rates are subject to change and will increase or decrease in line with movements in the Bank of England Base Rate. Rates will be adjusted on the first business day of each month.