Secured against residential investment or commercial property, land or development sites, a first, second or in exceptional circumstances a third charge will be taken. Bridging finance is a very flexible form of short term funding, and compared with conventional forms of finance it is very quick to conclude.
Typical funding types:
Where standard bridging terms prove prohibitive, WE excel in securing off-market rates and lending facilities often through private equity sources.
Bridging Finance Spain
Lending to £10m
50% Loan to Value
Residential investment assets both Mainland and Balearic Islands
London Refurb Bridging Loan to 90%
Rate 1.5% per month with 1% lender fee but no fee on exit
Lending available to individuals and companies
Focus on prime London postcodes where costs of improvements/modernisation is met by the client
Lending to 90% of purchase price or open market valuation (lower of) but having successfully repaid the first facility, 95% will be considered
Facility to 6mths with lending up to £600,000
Experienced property investors only
Product aimed at residential property where there is no significant/genuine below market value purchase.
Where there is such a discount, 100% funding can be considered
London & South East Refurb Bridge
70% of Open Market Value (can equate to 100% of Purchase Price for the right deal)
70% of Improvement works
1.25% per month for principle tranche and 1.25% for refurb tranche
Lending from £250,000 to upwards of £25m
Second Charge Refurb Bridge
Funder will lend behind a senior debt to complete a development deal (security must have achieved shell state)
Rate from 1.45% per month
Lending from £200,000 to 65% of Current Market Value (value of land plus works to date)
Finance must complete the build
Bridging Freehold Block of Flats
Strong location by demographics
Flats can be on the one title or on long leases as long as the freehold title is offered
90% loan to purchase
Minimum client monies of 10%
Rate 1% per month
Bridging Finance Northern Ireland
Residential flats & houses (no ex local) plus commercial office and retail units considered
Available to 50% of the 90 day forced sale value
Minimum gross loan of £50,000
Strong exit strategy must be in place
Limited client adverse considered but must be cleared with bridging monies
Commercial/Business Bridging Facility
£250k to £3m lending
Term to 18mths
70% of 90day value
Available in England & Wales (although certain restrictions apply)
Rate of 1% per month
High Net Worth Bridging
No upper limit on lending for residential properties and residential development sites
Full status lending
Limited company applications acceptable
Annual interest from Bank of England Base Rate plus 3% margin
100% Bridge Funding
Loans up to 100% of contract price subject to no greater than 75% of the open market value (not forced sale value or 90 day value)
Terms up to 12mths with monthly charge rate from 1.25%
Non status lending
Limited company applications acceptable
Bridging to £25m
Loans up to £25m
Rates from 0.75% p/m, typical rate 1-1.25% p/m
1 month - 5 year terms available
No exit fees plus daily interest calculation
LTV up to 75% of the OMV on residential BTL & investment properties
Commercial & development finance available
Unencumbered BTL acceptable
Can lend to British nationals living abroad
1st and 2nd Charges available
Can we help You? simply complete our Brief Overview Form for an Initial review. To request our form and a copy of our Funding Brochure, simply email us at.
