CA’s finance products can be used for a multitude of purposes. 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.
We lend to established and experienced property developers, traders and investors of residential and commercial property, to include private individuals, partnerships and limited companies.
We do not lend to owner-occupiers or properties where the applicant or a family member does or will reside in the property.
We will need to determine the following to check if our funding is suitable for you:
CA’s bridging loans can be used to assist with the purchase of individual or multiple units to build a portfolio or CA will finance entire portfolios or individual properties within existing portfolios to raise capital and/or refinance existing borrowings. CA’s medium-term loans may offer an alternative option in such cases.
Once we have had an opportunity to consider the application and are satisfied that the requirement satisfies our lending criteria, we will provide you with a decision in principle via our Heads of Terms. We know that time is of the essence and enjoy many decades of experience funding auction purchases, so we get matters moving quickly.
Our bridging loans are ideal for purchasing properties quickly on the open market, at auction, refinancing, or for the light refurbishment of residential, semi-commercial and commercial assets.
Development loans are offered to experienced developers, builders and property development companies for new build projects, conversions, and refurbishments. We structure the loan facility to cover all construction costs, infrastructure, services, professional fees and interest.
CA’s bridging loans do not attract commitment or redemption fees. CA’s development loans are structured differently to include commitment and redemption fees. Interest rates for both products differ and will be fully disclosed in CA’s Heads of Terms. In some cases and in particular smaller development projects, both bridging or development finance might be suitable. In these cases, we will provide Heads of Terms for both products allowing the applicant to determine which product best suits their requirement.
You will need to be an experienced property developer and demonstrate that you have commensurate experience. You will need to provide full details of the project. This might include:
If the application is for a tenanted residential or commercial property, we will require the following information:
We can also lend on vacant commercial property. However, it will need to meet one of the two criteria set out below:
We do offer longer-term loans. We provide longer-term Investment loans up to five years secured against income-producing residential, commercial and semi-commercial property. We also offer products that combine our bridging and development loans with our longer-term products.
The loan is secured by way of a first charge over the property. If the borrower is a company, we will need a debenture and personal guarantees.
We lend from £50,000 to £5 million, depending on the value of the property offered as security and the finance option you require. Larger loans are available by exception.
We lend up to 70% of the 180-day market value of the property or 60% of the Gross Development Value (GDV) for a development. We can lend up to 65% of GDV if the total build costs are less than £500,000.