The bridge loan which is available for up to 36 months can be taken on the same terms as the lender’s other products, including no personal guarantees and no external valuations for most cases.
The lender said it increased the loan size and term in response to the difficulties faced by borrowers when it came to refinancing.
CSBF said the longer terms would allow borrowers to complete their business plans.
Jourdan Rajwan (pictured), director at CSBF Capital Partners, said: “We have seen a strong demand from borrowers who are looking at their financing options in the current interest rate environment, especially for assets midway through a business plan.
“This will allow us to offer our clients additional flexibility and presents a credible alternative to a term loan. We know that borrowers continue to be attracted by our straightforward approach to underwriting and the small team which means we don’t offer terms that we can’t deliver on.”
CSBF is privately funded and provides short-term property finance over £1m.
You may also be interested in the Mortgage Solutions newsletter. All the latest news, analysis and insight from the mainstream residential lending market. Including industry news, adviser business strategy tips and market commentary.