{"id":95,"date":"2018-02-08T13:25:55","date_gmt":"2018-02-08T13:25:55","guid":{"rendered":"http:\/\/broker.commercegurus.com\/?page_id=95"},"modified":"2018-04-17T17:53:16","modified_gmt":"2018-04-17T17:53:16","slug":"closed-bridging-loan","status":"publish","type":"page","link":"https:\/\/uk-bridgingfinance.co.uk\/services\/closed-bridging-loan\/","title":{"rendered":"Closed Bridging Loan"},"content":{"rendered":"<p>[vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1445094705330{margin-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994576899{margin-bottom: 35px !important;}&#8221;][vc_column_text]<\/p>\n<h4>Get a decision on your Closed Bridging Loan application within 24 hours.<\/h4>\n<h4>Highest approval rate, faster release of funds.<\/h4>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994585214{margin-bottom: 35px !important;}&#8221;][vc_single_image image=&#8221;71480&#8243; img_size=&#8221;full&#8221; add_caption=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Closed Bridging Loans \u2013 Bridging Finance You Can Count on<\/h2>\n<p>Every new business move \u2013 from investment to property acquisition \u2013 comes with its price tag. While businesses try to make moves that will make them more profits in the long run, the short run is almost always about spending.<\/p>\n<p>For a number of reasons, a business move can get stalled if the capital isn\u2019t available. A well-structured bridging loan can be just the helping hand your business needs in such situations.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505155795{margin-bottom: 0px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>What is a Closed Bridging Loan?<\/h2>\n<p>A closed bridging loan is a bridging loan which contractually stipulates a clearly defined repayment date.<\/p>\n<p>The following factors usually typify a closed bridging loan:<\/p>\n<ul>\n<li>As it is a type of bridging finance, a closed bridging loan is usually a short-term mortgage. Typical tenures for closed bridging finance packages can run up to 12 months.<\/li>\n<li>Every closed bridging loan has a pre-defined repayment date. This date is a result of negotiations between the borrower and the lender.<\/li>\n<li>The lenders bear relatively lower risk when they enter such contracts due to the fixed repayment date.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505155795{margin-bottom: 0px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Why do Businesses Go for a Closed Bridging Loan?<\/h2>\n<p>A closed bridging loan can be an ideal way of borrowing for businesses if they can set a fixed repayment date. An example can better explain this idea.<\/p>\n<h4>Example<\/h4>\n<p><i>Let\u2019s say that a business wishes to acquire a prime piece of land. As the property in question is expensive, the business has to look for suitable borrowing options to partially cover the expenses involved.<br \/>\nThe business decides to arrange for the sale of another property they already own to finance this acquisition. However, the sale of existing property takes longer than anticipated. As the business eventually finds a buyer, they get to know that the said buyer can only effect the contract at the end of the following quarter. To \u2018set the deal in stone\u2019, a contract is drawn with a fixed sale date.<br \/>\n<\/i><br \/>\n<i>The business can now approach lenders for a closed bridging loan with the repayment date set to coincide with the sale date of the existing property.<\/i><\/p>\n<h2>How does Closed Bridging Finance Work?<\/h2>\n<p>The ins and outs of closed bridging finance aren\u2019t much different from those of a generic bridging loan. You can visit <a href=\"\/how-it-works\/\">this page<\/a> to read in greater details how bridging finance really works.<\/p>\n<p>A closed bridging loan is structured around the surety of capital being available to the borrower by a fixed date in the near future. Because sale contracts or mortgage agreements usually go through without much trouble, it\u2019s easier to find suitable lenders for a closed bridging loan.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505155795{margin-bottom: 0px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Closed Bridging Finance \u2013 Affordable as well as Accessible<\/h2>\n<p>Having a fixed exit strategy in place gives the lenders enough confidence about the repayment potential of the borrower. So, unlike open bridging loans, a closed bridging loan is structured around the exit date.<br \/>\nAs the lender assumes lower risk here, closed bridging finance packages also carry lower interest rates.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Closed Bridging Loans \u2013 Weighing the Pros and Cons<\/h2>\n<p>A closed bridging loan comes with its advantages and drawbacks. Let\u2019s see what these are.<\/p>\n<h4>Advantages<\/h4>\n<ul>\n<li>Easier to get approved<\/li>\n<li>Lower interest rates<\/li>\n<li>Faster disbursement<\/li>\n<li>Best suited for the sell-to-buy approach<\/li>\n<\/ul>\n<h4>Disadvantages<\/h4>\n<ul>\n<li>Rigid repayment schedule<\/li>\n<li>Contractual obligations<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Get a Project-specific Closed Bridging Loan Offer in 24 Hours!<\/h2>\n<p>Approaching a lender for a closed bridging loan robs you of potentially cheaper offers that you could otherwise have benefited from.<\/p>\n<p>Worry not \u2013 Commercial Finance Network provide the best closed bridging finance offers from the leading whole of market lenders in the UK, so that you don\u2019t miss out on deals you deserve. <a href=\"\/contact_us\"><b>Contact us today<\/b><\/a>\u00a0to speak with one of our Bridging Finance Experts![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1445094705330{margin-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994576899{margin-bottom: 35px !important;}&#8221;][vc_column_text] Get a decision on your Closed Bridging Loan application within 24 hours. Highest approval rate, faster release of funds. [\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994585214{margin-bottom: 35px !important;}&#8221;][vc_single_image image=&#8221;71480&#8243; img_size=&#8221;full&#8221; add_caption=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_column_text] Closed Bridging Loans \u2013 Bridging Finance You Can Count [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":73,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.6 (Yoast SEO v21.8.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Closed Bridging Loan - Whole of Market Specialist Bridging Finance Broker<\/title>\n<meta name=\"description\" content=\"Closed Bridging Loan available with decisions within 24 hours and very quick availability of funds. 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