If you need short term finance fast, then a bridging loan may be the right solution.
There are a vast number of bridging specialists that offer products for most circumstances and move very quickly often giving immediate decisions and offers in principle. Up to 75% of property value can be raised with rates starting from as low as 0.65% per month. In some cases 100% funding can be achieved by using equity from other property as security.
Bridging loans can be useful to property developers and investors in a number of different circumstances such as purchasing:
- land without planning permission in anticipation of a development project
- a bargain property at 'Below Market Value'
- property which is deemed 'un-mortgagable' and requires significant refurbishment
- property at auction and needing funds quickly to complete on the purchase
Bridging loans typically have terms up to 24 months. They will usually be subject to a property valuation and a first charge security. Loans can be secured on both residential and commercial property assets and land/ development sites. In some cases we can take other assets as security for the loan such as luxury cars, art, jewellery etc.
Call us today on 01778 309777 if you urgently need funds
What our customers say...
Pilot Fish secured us an £900,000 bridging loan on a site in Scotland subject to planning. They then helps us secure the development finance to build out the site.