Bridging Loan

Short term property finance often referred to as bridging is a useful tool in an ambitious developer’s armoury or indeed any other business requiring working capital. It is a short term loan usually for up to 12 months secured against property or land assets where speed is of the essence. We lend against market value and up to 90% of costs, more with additional security.

Typical Bridging Finance uses include:

  • Opportunity to purchase at under market value from a motivated buyer in return for a quick completion before taking out a mortgage against the full market value.
  • A revolving credit facility against existing security providing the ability to aggressively bid for off market properties effectively as a cash buyer
  • Buying and developing run down properties which can’t be mortgaged or are subject to large retentions before refinancing with a buy to let mortgage
  • Buying a vacant commercial unit cheaply then taking out a commercial mortgage upon securing a tenant.
  • Buying dis-used commercial property such as pubs and offices or land prior to applying for enhanced planning or change of use.
  • Re-financing  property assets to free up working capital, pay off a tax bill or for any other legal purpose

Before taking out a bridging loan you should have a robust exit plan to pay off the loan at the end of the period.

Call us today on 07789 907 075 or complete our contact form.