Open Bridging Loans

This type of bridging finance should be used with caution and considered when all other alternatives have been checked. Open Bridging is used when there is no finance arranged or alternative investment to pay off the bridging finance, the loan would typically be taken for a term between 1 – 12 months and alternative funding will then need to be arranged to pay off the bridging loan.

Open Bridging is also a very effective form of Auction Finance or to purchase repossession properties and can be used to buy a property that may bought to refurbish and resell within 1 – 12 months.
Open Bridging is a more risky option than “Closed Bridging“.