Commercial bridging finance
Commercial Bridging Loans Manchester
Short-term lending against retail, office, industrial, leisure and mixed-use property. Spinningfields office stock, Trafford Park industrial, Northern Quarter mixed-use and city-centre commercial across Manchester and Greater Manchester.
- Decisions in hours
- Completion in days
- £100k to £25m
- Greater Manchester specialists
About commercial bridging
Short-term property finance across the Brighton and Hove urban area and East Sussex.
Commercial bridging is short-term lending secured against commercial property. The asset can be retail, office, industrial, leisure, healthcare or mixed-use. The use case is typically a purchase pre-refinance, a refurbishment or change-of-use project, a capital raise against an unencumbered or low-LTV commercial asset, or a stop-gap while a long-term commercial term loan is arranged. For Manchester business owners and commercial investors operating across the Spinningfields legal-and-finance core, the NOMA tech-and-creative cluster, MediaCityUK in Salford Quays, and the Trafford Park industrial estate, commercial bridging is the product that closes deals on a timeline a high-street lender cannot match.
Commercial bridging suits commercial property investors, owner-managed businesses, limited company SPVs and small developers buying, refurbishing or raising capital against commercial premises. Typical Manchester borrowers include tech and creative businesses acquiring office space in NOMA or the Northern Quarter, hospitality and leisure operators buying or releasing equity against premises around Deansgate Locks and the Spinningfields restaurant cluster, retail and food businesses on Market Street and along the Wilmslow Road Curry Mile, and small developers buying tired commercial stock with a residential conversion plan. The product also fits owner-occupiers raising capital against their own trading premises pre-refinance. It does not suit owner-occupier residential security; that work is regulated and sits under our regulated bridging route.
A typical case
How a commercial bridging case runs in Manchester.
A tech-services business running a successful client book in the NOMA cluster (M4) wants to buy the freehold of the office building they currently lease, in a converted Victorian warehouse off Dale Street. Purchase price £1.6 million, against an open market value of £1.8 million on a recent independent valuation. The vendor needs to complete in 6 weeks for tax reasons. The business's long-term commercial term loan application is sitting with their relationship bank, but the bank's underwriting timeline runs to 12 weeks minimum. We package a commercial bridge against the office building at 65% loan to value, total £1.04 million. Rate 0.95% per month, term 12 months, serviced interest, exit to the bank's commercial investment loan once it completes in around 3 months. Indicative terms back in 48 hours, valuation in 10 working days, completion 21 working days after instruction. The business completes inside the vendor's window, the bank's commercial facility completes 11 weeks later, and the bridge redeems on schedule. **United Trust Bank** in particular runs a strong North West commercial bridging book and has steady appetite for cases in this range. Similar mechanics work for retail acquisitions on King Street, mixed-use blocks on Oldham Street and Tib Street, and the trading-premises owner-occupier purchases that anchor the wider Greater Manchester commercial economy.
Rates and fees
What this product costs.
Commercial bridging prices between 0.75% and 1.4% per month. The wide range reflects the heterogeneity of commercial security: a vacant office block in a thin sub-market prices very differently from a let warehouse on a 10-year lease to an investment-grade tenant. Cases at 60% to 65% loan to value with a strong tenant or owner-occupier covenant and a clear refinance exit sit at the lower end. Cases with vacant possession, short-leased tenants, or speculative asset positioning sit higher. Arrangement fees run 1.5% to 2.5% of the loan. Valuation fees on commercial property are typically £2,000 to £8,000 depending on asset complexity. Legal fees both sides £3,000 to £8,000 per side, more for complex mixed-use or part-let cases. No exit fee on most products.
Loan size and term
LTV ceiling and how long you borrow for.
Commercial bridging typically tops out at 70% loan to value against open market value for clean commercial security, with most cases settling at 60% to 65%. Vacant commercial properties sit lower, often 55% to 60%. Investment-grade let commercial can reach 70%. Terms run 1 to 24 months, with most cases using 9 to 12 months.
Exit options
How the loan redeems.
Commercial bridging has three main exit routes. First, refinance to a long-term commercial term loan with a high-street challenger or specialist commercial lender. Second, sale of the property, particularly where the borrower's plan is acquire, reposition, sell. Third, refinance to a portfolio commercial investment facility for borrowers with multiple let commercial assets. Lenders want a clear primary exit at the offer stage, with realistic timing and a credible counterparty. A borrower whose only exit is a refinance with one named challenger bank on contingent terms looks weaker than a borrower with the term loan already in process plus a saleable backup.
What makes a deal work
The clean cases.
Commercial cases run cleanly when the asset is straightforward (let to a real tenant on a real lease, vacant possession with a real owner-occupier plan, or refurb-and-let with a clear leasing strategy), when the borrower has commercial property experience, and when the exit is clear. Cases also strengthen where the property is in a liquid Manchester commercial micro-market: along the Spinningfields legal-and-finance corridor in M3, around the NOMA cluster off Dantzic Street, on the King Street and Deansgate retail spines, or within the Trafford Park industrial estate (M17).
What doesn't
Where cases break.
Cases break where the commercial asset is in a thin sub-market with poor comparables, where the tenant covenant is weak or short, where the borrower has no commercial track record, or where the exit relies on a single named lender with no backup. Vacant commercial buildings in declining locations are also difficult; lenders price them at low loan to value and steep rates, and many will not lend at all.
Our process
From first call to drawdown.
Step one, a triage call. Bring the property, the tenant or owner-occupier position, the use case, the exit, and the timeline. Step two, we package the case and put it to three or four commercial bridging lenders depending on the asset class. Indicative terms back inside 48 hours for a standard commercial case. Step three, valuation instructed by a surveyor with commercial expertise, legals running in parallel. Step four, full credit at the lender, typically 7 to 14 working days for commercial cases. Step five, drawdown. Standard timeline from triage to drawdown is 21 to 28 working days, longer than residential because of commercial valuation timelines. Commercial bridging on commercial property is not FCA-regulated. We are not directly authorised by the Financial Conduct Authority.
Talk to us
Tell us about the deal.
A quick triage call, then indicative lender terms inside 24 hours. We work Manchester and across Greater Manchester.
FAQs
Frequently asked questions on commercial bridging
Can commercial bridging fund a mixed-use property in Manchester?
+
Yes. Mixed-use is one of the most common asset classes we bridge across Manchester, particularly retail-with-flats above on the Northern Quarter spines of Oldham Street and Tib Street, and along the Wilmslow Road and Stockport Road corridors. The lender values the residential and commercial elements separately and the loan to value sits against the combined open market value. Expect a slightly more involved valuation than a pure commercial property and a slightly longer legal process.
How is a vacant commercial property treated for bridging?
+
Vacant commercial property is harder to bridge than let commercial property because the lender has no rental income covenant to support the loan. Most lenders cap vacant commercial bridging at 55% to 60% loan to value and price it at the higher end of the commercial range. Where the borrower has a clear lease-up plan, a real owner-occupier intention, or a change-of-use to residential, the case looks better. Where the asset is vacant with no plan, lenders typically decline.
Can a Manchester tech or creative business raise capital against its office?
+
Yes. Capital raise against an unencumbered or low-LTV commercial property is a common bridging use case among NOMA, Northern Quarter and MediaCityUK tech, creative and new-media operators across Manchester and Salford. The bridge releases short-term capital, typically for working capital, equipment, or a separate property acquisition, with the exit usually a commercial term loan refinance against the same property a few months later. Loan to value sits at 60% to 65% for clean owner-occupier commercial security.
Next step
Talk to a Manchester bridging specialist about commercial bridging.
Indicative terms in 24 hours. We work commercial bridging cases across Manchester and the wider Greater Manchester market on a same-day enquiry response.