Short term funding, or to use its well known term, Bridging Finance, is probably the most under used form of financing. A bridging loan can provide fast access to funding with the minimum of formalities. Bridging finance can be used in a number of different circumstances, such as refurbishment – buying dilapidated properties and then renovating and selling them in a short space of time. One of the most common usages is when people buy a new property before their present one is sold – “a bridge”.
With bridging finance, the loan will always be secured against residential or commercial property. A first or second charge will be taken against new or existing property, or a combination of both. Another great use for bridge finance is for people who purchase property at auction, where funds are required quickly. Bridging finance is much quicker to arrange than a normal residential mortgage; on average 3-5 working days from first enquiry to completion.
How does bridging finance work ?
Bridging finance is a very flexible form of short term funding, and compared with conventional forms of finance it is very quick to organise and draw the money. Bridging finance loans can be secured on either a first or second charge basis on residential investment or commercial property, or on land and development sites with or without planning consent.
We source funding for market or event driven real estate special opportunities to entrepreneurs, developers, and companies.
We offer mega bridging loans and value added:
large bridging loans
All Street Finance has a diverse, multi-disciplined team that includes experienced professionals with investment, development, construction, consulting, legal, accounting and entrepreneurial backgrounds.
Our partners deliver customised financial solutions at any level of the required capital structure.
Hospitality, Commercial, Residential, Mixed Use, Industrial, Infrastructure, Mining
Deal Size: £25,000 to £25m
Term Debt: 1 to 3 Years
Interest Rate: 0.95% to 2.5% (pa, net of fees) dependant upon risk factor
Fees deal dependant on case by case basis
80% LTV Prime
75% LTV Non-status (UK only)
70% LTV Second charge