COMMERCIAL & SEMI-COMMERCIAL

WHY & WHEN

Our commercial offering covers prime commercial and semi-commercial properties within the new class E and B8 categories at up to 70% LTV.

KEY CRITERIA
Max LTV 70% LTV
Valuation basis VP 180 day (semi-comm) & VP 90 day (comm)
Uses Purchases, refinances & capital raising
Properties Prime Class E and B8 including:

Retail, banks, warehouses, office - 70% LTV max

Other types - 65% LTV max
Areas England & Wales
Security 1st charge
Sizes £150k - £5m net
Terms 12-18 months
Integrated Legals Available - 2 firms 1 process
Borrower type Individual & Corporate
Borrower residency UK & Foreign
Interest basis Retained
Customers Clean credit & non-PEP's
FLAT RATE PRODUCT
RATE
All clients & LTV's 0.84% - 0.89%
STEPPED RATE PRODUCT
All types & LTV's RATE
Initial Rate 0.44% - 0.54%
Initial Term 6 m
Total Term 12 m
Secondary rate 1.24%
Exit fee 1 month's interest

HOW IT WORKS

Step 0

Register as an introducer HERE.

Step 1

Send an enquiry to enquiries@aspenbridging.co.uk or call an underwriter on their mobile directly (c.30 mins) or use the portal to generate a quote yourself (instant).

Quotes will include integrated legals contact and fees – this is a specialist borrower solicitor service integrated with our lenders solicitors' firm to maximise speed whilst offering independent advice.

Step 2

Submit the preferred option on our online portal with basic info on customers, the security and the solicitors.

You will be notified which underwriter your case is assigned to and within 3 hours you will receive a DIP post credit and land reg searches which will include case-tailored forms.

Step 3

Return the 1-page Authorisation Form and we will instruct the lawyers and valuers within 1 hour of receipt. Clients will need to put solicitors in funds for undertakings and pay valuers directly.

Step 4

We will share reqs list information with you every step of the way and work to help you and your client through to completion.

Step 5

Aspen releases funds for completion and pays introducers within hours of completion.

CASE STUDIES

SOMERSET - £175k

AUCTION PURCHASE

CLICK TO READ

Aspen provided a lightning-fast 65% LTV bridge over the Christmas period to assist an experienced property developer with the auction purchase of a vacant high street commercial property in Weston-Super-Mare.

The client opted for our popular stepped rate from 0.54% per month over 10 months.

Shoaib Patel at Fieldfisher LLP and our integrated legals client solicitor Ayesha Yunus - Solicitor and did amazing work on the legals to enable a swift completion.

The case was introduced and information provided by Adam Tyler and Saif Khalique, underwriter at Aspen, managed it through to completion.

Adam Tyler, director at Finance My Business Online, said: "It was great to experience Aspen at work, really impressed. It was the transaction time over the holiday period that stood out."

MANCHESTER - £815k

CAPITAL RAISE

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Aspen funded 3 large commercial premises, currently let out to Iceland, Sports direct and Poundland in Manchester on a desktop valuation.

The case, introduced by Tom O'Brien at Enness, required a quick completion to ensure the client's exchange on another development project materialised within the deadline.

We opted for a desktop valuation and although the case's legals, in particular its tenancies and leases presented issues, Aspen took a holistic view and offered pragmatic solutions.

Aspen's bridge was on our popular flat rate from 0.89% per month with no exit fees.

It is another great example of the 'Can do' attitude of the firm. A special thanks goes to our senior underwriter Prabhat Talwar for the tailored risk analysis & case management and Leigh Haigh for the swift work on the legals.

PRODUCT TYPES

RESIDENTIAL

Our residential product supports purchases, refinances and capital raising on investment properties at up to 75% LTV.

RAPID
DESKTOP

This unique product enables genuinely urgent transactions at up to 65% LTV at initial quote stage and is guaranteed in under 10 (and can be as fast as 2) working days.

LIGHT
DEVELOPMENTS

This specialist product covers conversion schemes, Finish & Exits, structural works and extensions all at up to 75% LTV plus 100% cost of works.

LIGHT
REFURBISHMENT

This product covers lighter refurbishments at up to 75% LTV.

HMO's

Our specialist HMO product supports purchases, refinancing and capital raising on licensed HMO's at up to 70% LTV.

COMMERCIAL &
SEMI-COMMERCIAL

Our commercial offering covers prime commercial and semi-commercial properties within the new class E and B8 categories at up to 70% LTV.

LATEST NEWS

ASPEN SOLVES TWO PROPERTY
PROBLEMS IN ONE £2.3M BRIDGE

A rapid £2,327,250, 73% loan-to-value bridging loan from Aspen has saved a customer's £125k auction purchase deposit and provided additional funding on a part-finished development.

Completed in just 15 days at 0.49% for six months on the lender's stepped rate product, the deal brings together both a rapid auction purchase and finish-and-exit elements under one roof.

The auction purchase, a six-bedroom semi-detached in Wandsworth, was bought at the end of August with the monies required within a 15 day period.

The part-finished development project, a five-bedroom terraced property in the same area, was purchased in 2019 and still has £140k works outstanding. The deal also includes 100% works funding.

READ MORE