Bridging Loan For Property Development
Our Bridging Loan Service
Special features of what we offer include:
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Bridging Loans from £50,000 to £15 million
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Term - From 1 to 36 months
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Bridging loans for individuals, limited companies, sole traders and partnerships
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Interest roll up schemes
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Whole of market service - we work directly with UK bridging lenders
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Lowest Rates - Access to leading bridging loan deals
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Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
To investigate your bridging loan options call our team on 0117 313 6058 or fill in our call back form.
Bridging Loan For Property Development
Getting adequate finance in place at the right time is essential for a successful property development. However, property development is an extremely competitive market and there is a greater demand for finance in a short space of time.
Traditional Lenders
Approaching a traditional lender may not be your best option, for securing property development finance, especially when time is of the essence. This is because applications to traditional lenders can be time consuming and inconvenient.
Applications to traditional lenders can take up to several weeks or months to process, which may result in costly delays to your property development.
In addition, if you do not have any property development experience then traditional lenders are reluctant to provide development finance. The traditional lenders who are prepared to grant development finance to inexperienced developers will usually have much higher interest on their finance deals.
For experienced developers, traditional lenders will require evidence of successful developments before they grant development finance. Often traditional lenders will ask for sight of your property portfolio.
If you need finance for your property development, you may want to use a bridging loan.
Bridging Loan
A bridging loan is a type of quick, short term finance that can provide a temporary cash flow solution to ‘bridge’ the gap until permanent finance is in place. The speed and convenience of a bridging loan may be an attractive option, as it could enable you to progress your developments with no delays.
Bridging Loan Calculator
Find out how much you could get with our Bridging Loan Calculator.
Features Of A Bridging Loan
The majority of bridging loans have the option to ‘roll-up’ interest to pay at the end of the term of finance; you may find this useful, as it would allow you to direct all your finance towards your project and save you from monthly interest payments.
Bridging loan lenders will not provide a bridging loan until there is an exit strategy. An exit strategy is the method that you intend to use to repay the loan at the end of the agreed term of finance. An example of an exit strategy is where you sell a property after development has ceased.
It should be noted that bridging loan deals are not available on the high street and often can only be accessed through a professional broker.
Next Steps…
If you need a bridging loan for your property development issue, call us on 0117 313 6058 or complete our request callback form above.