Bridging, then, can look expensive by the time you’ve factored everything in. But if cash and mortgages aren’t an option and it allows you to do a deal that’s ultimately going to make you a lot of money, is it really expensive? Just factor the costs into your projections and see if it still stacks up. Be aware, though, that you need to be very confident that you’ll be able to exit the bridge at the end of the term by either refinancing or selling – otherwise they’ll crank up the interest rate or could even repossess.
