Catalyst launches new commercial bridging product

Catalyst Property Finance has launched a new commercial bridging product which accepts a wide range of commercial property types.

Lending is available on vacant properties, care homes, hotels, nightclubs, gyms, warehouses, offices, restaurants, health care centres, retail units, larger schemes, and many more asset types.

Conversion is permitted from commercial to mixed-use or residential. Funding is available up to 65% LTV, with loans from £250,000 to £10,000,000. Loan terms range from 3 months to 24 months, there are no ERCs. Tracker and fixed rates are available.

Anna Bennett, marketing director at Catalyst, said: “Product innovation is vital if we are to help intermediaries and their clients realise more opportunities in a challenging market. Catalyst’s new commercial bridge does just that, it opens the door for property investors and developers to capitalise on commercial assets that have traditionally been harder to fund.

"Before launch, we spoke to several of our intermediary partners to understand what their clients need from a commercial bridge perspective. We discovered pent-up demand for funding schemes on vacant property, hotels and care homes, plus social spaces such as gyms and restaurants. Happily, this is a demand we can now meet.

"Our New Business Team have been fully briefed and we’re ready to provide terms. Brokers will receive a personal response to their enquiry within a business hour and a super-fast credit backed decision they can rely on.”