BRIDGING LOANS AND DEVELOPMENT FINANCE
As the name suggests, bridging loans are used to ‘bridge’ the gap between a debt becoming due and the line of credit becoming available, or, in some circumstances, they can be used as a short-term loan.
Generally, bridging loans come into their own when you need to facilitate a property purchase that otherwise wouldn’t be possible, for example for those who haven’t yet sold their existing home but need to complete on the purchase of their next. Bridging finance can also potentially help if you’re buying at auction. There are a number of specialist bridging lenders in the market, and our trusted business partners are here to understand your current circumstances and exit strategy, then match-make you with the right product to suit your individual needs.
Development finance is another highly specialised and complex area; generally speaking property development finance is normally a short-term loan, which can be broken down in stages. The first facilitates the purchase of the site, and the second phase of the loan finances the build of the project, with funds released in stages as they are completed.
Our business partners will work with you to fully understand the nature and timescales of your project and available cash-flow. They know that most of our clients who require development finance are looking for a speedy turnaround as time is normally of the essence, so they’ll work as quickly and efficiently as possible to tailor make a solution to suit your requirements. To find out more, simply give us a call on 020 8652 5240 or drop us an email.