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What can this product do?
Our bridging loans offer individuals and businesses an alternative funding solution. We can help with acquiring a property, funding redevelopment works, a change of use or raise capital from an existing asset.
What can we offer?
Our loan ranges are suitable for commercial and semi-commercial properties. We can supply an AIP within an hour to get things started.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT REPAY YOUR LOAN
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Overview
- Interest Rate From 0.75% per Month
- Min - Max Loan £250,000 - £5,000,000
- Max loan to Value 75%
- Term 3 to 18 Months
- Arrangement Fee Up to 2%
- Early Redemption Fee None
- Admin Fee No
- Exit Fee None
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Loan details
This calculation is for indicative purposes only. All our loans are subject to credit.
Loan overview details
- Current asset value £305,312.66
- Loan to value 56%
- Interest payment type Serviced
- Term 12 months
- Loan interest rate 0.85% pcm
Loan outgoings
- Gross loan £305,312.66
- Arrangement fee 56%
- Arrangement fee £3,053.13
- Administration fee £0.00
Additional costs
- Interest payable £1,350.00
- Total interest retained £630.00
- Monthly interest payment £750.00
Net loan amount
£300,000.00Case studies
Commercial
Loan: £540,750
Maida Vale, London W9
Loan to capital raise against an unencumbered, mixed-commercial asset which benefits from residential planning permission for the conversion to 8 flats."This was an interesting transaction given that the London based property was held in a Swiss entity. We were able to lend to the entity given that the client behind the company and the property were both based in London. " Amy Wareham, Underwriter
Term: 6
LTV 51.5%
Commercial
Loan: £975,000
Marylebone, London NW1
Raise funds on an unencumbered office, to refurbish the unit to a high standard, as well as raise funds for cashflow."We always try to accommodate our client's specific needs and as the company we lent to was an established family office, we were able to retain £100k of the facility for a drawdown at a later date, when they needed it for working capital. " Tom Tailby, Underwriter
Term: 12
LTV 54.69%
Commercial
Loan: £262,650
Cheltenham, GL51
A loan to assist with the purchase of a piece of land with planning for 8 new build apartments."This loan was for a repeat borrower who specialises in property development in Cheltenham. Our client needed to secure the purchase faster than he could secure development funding, where with an ongoing relationship in place, we were able to provide a fast bridge. " Tom Tailby, Underwriter
Term: 6 months
LTV 75%
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