Bridging finance in Peterborough
A bridging loan is short-term funding secured on property, used in Peterborough to buy quickly, fund works, or cover a gap until a sale or refinance completes. Terms usually run three to eighteen months and interest is often rolled up. CoreFi matches your case to lenders who lend in Peterborough. The exit is what makes or breaks the deal.
Bridging in Peterborough is mostly used for three things: buying at auction or in a compressed timescale, funding refurbishment on a property that will not yet support a term loan, and covering a genuine timing gap where a sale or refinance is coming but has not landed.
CoreFi is a commercial finance broker. We arrange commercial finance for Peterborough businesses, principally limited companies. We package the case, approach the lenders whose criteria fit, and manage it to drawdown. We do not lend our own money and we are not tied to any lender.
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Tell us what you need
Tell us about the property, what you need the money for and exactly how you plan to repay. It costs nothing to start and there is no obligation.
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We match you with suitable lenders
We assess your situation against our whole-of-market panel and identify the lenders whose criteria actually fit, rather than applying everywhere and collecting declines.
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We package and submit
We prepare the case with the documents the lender will ask for and put it to the lenders most likely to fund it.
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Offer and drawdown
The lender issues terms and, on acceptance, releases the facility. We manage it through to completion.
When bridging is the right tool, and when it is not
Bridging is expensive per month and cheap over a short period. It works when the exit is defined and near: a completed sale, a refinance a lender has already indicated on, or a works programme that makes the property mortgageable.
It goes wrong when it is used to solve a problem that is not really about timing. If the underlying issue is that the numbers do not work, a bridge adds cost and a deadline. We would rather tell you that at the outset than arrange a facility that leaves you worse off in nine months.
What lenders focus on
Security and exit, in that order. The lender wants a property they could sell if the exit fails, and a credible, evidenced plan for repaying without that happening. A vague intention to refinance is not an exit; an agreement in principle from a named lender is.
Speed is genuinely available, and is much of what you are paying for. Where a case is packaged properly at the outset, decisions come quickly. Most of the delay we see on bridging comes from incomplete information at the start rather than from lender processing.
What it actually costs
Bridging is quoted monthly, which makes it look cheaper than it is until you annualise. Add arrangement and exit fees, valuation and legal costs, and rolled-up interest compounding across the term.
The number that matters is total cost to redemption against the value the bridge unlocks. If the margin is thin at the outset it will not survive an overrun, and overruns on refurbishment are the norm rather than the exception.
Frequently asked questions
Do you cover all of Peterborough and the surrounding area?
Yes. We work with businesses across Peterborough and the surrounding area, including Fengate, Eastern Industry, Orton Southgate, Hampton and out into the Fens towards Wisbech and Spalding. The lenders we match you to will confirm whether they fund your specific sector, location and security.
Do you lend the money yourselves?
No. CoreFi is a commercial finance broker, not a lender. We arrange facilities with lenders on our panel and are paid a commission by the lender on completion. If we think a product is wrong for your situation we will say so.
How quickly can bridging complete?
Faster than a term facility, though the legal and valuation work still has to happen. A well-packaged case with clean title and a clear exit moves quickest. Timescales depend on the lender, the property and the solicitors, so we will not promise you a date we cannot control.
Do I pay interest monthly?
Often not. On many bridging facilities interest is rolled up and settled at redemption, which preserves cash during the term but means the amount repaid is larger than the amount drawn. We will show you both figures before you commit.
What does it cost to use CoreFi?
There is no cost to start a conversation and no obligation. On most commercial products we are paid a commission by the lender on completion. Where a fee is payable by you, we tell you the amount in writing before you commit to anything.
Get matched with lenders for your Peterborough business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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