It will not have escaped the notice of developers and investors that there are still considerable difficulties with raising finance for property deals. The reasons are well known - the banks have neither the funds available to lend to the sector nor much desire to help.
However, in recent months it has become clear that there is a group of lenders with considerable financial resources which are available to help property developers and investors. These bridging lenders, or to use a better description, short term lenders are often backed by large funds using investor money and they are making a real impact on the market.
EXAMPLES OF USES FOR SHORT TERM FINANCE
Auction purchases - up to 70% of value.
Property acquisition where time is of the essence - up to 70% of value.
Refurbishments and conversions - on acquisition up to 70% is available.
Site acquisition - where you have a completed unsold site but are committed to buy another - finance of up to 70% can be secured on both properties.
Commercial and semi commercial purchases - up to 70%
2nd Charges - for completion of developments.
These are just a very few examples of how bridging and short term finance can help you.
Loans can be non status. Finance is available for up to 12 months and funds are made available very quickly.
We shall soon be enhancing our website with case studies and lending terms for bridging and short term finance so please look out for that but do call us if you wish to discuss how we can help you with this valuable source of funding.
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