SPEED
One major reason for choosing a bridging loan is speed. They can be arranged very quickly enabling bargains to be secured or problems avoided.
DURATION
Bridging loans are short term by nature. From a few days up to 12 months maximum, so an exit plan will be needed to repay it.
OPPORTUNITY
Bridging is more expensive than regular secured finance. However, the opportunity to secure a project quickly and simply often means the return outweighs the extra cost.