Bridging finance solutions brought to you by Kingswood Associates. A Bridging finance loan is very different than a standard bank loan or mortgage, it is a very flexible and fast solution for short-term funding. Short-term finance secured against a property is both very useful and prevalent in investment property and developments.
Bridging lenders will lend in situations where the more traditional Lenders will not, and can provide loans in a much shorter timeframe if a quick completion is required.
Acceptable security includes residential and commercial property of any type and in any condition, and land with or without planning consent. Please read below some of the reasons why you should use our bridging finance solutions.
Property bridging finance or Property bridging loans are a short-term finance option that are usually fast to obtain and can be used for a wide range of purchases and development projects. They are often used to purchase the next property without needing to wait for the sale of an existing one to complete. Allowing you to capitalise on opportunities that could have potentially been lost to other buyers.
It can also be used to buy land for development and cover the costs between purchasing and building on the land. Alternatively, it can be utilised for renovations and purchasing a property at auction.
Often seen see as the biggest benefit to using a bridging finance solution is that you can gain quick access to funds and move quickly with your business plans. Often when a large sum of money is needed for a property investment it can take time to arrange using business loans or buy to let mortgages. Property bridging finance can be a uniquely fast and effective solution, meaning that sometimes funds can be in your bank account within as little as 48 hours.
No need to consider any excessive or on-going annual or monthly rates. Usually paid back within a matter of weeks or months so it tends to be a very affordable option with a controlled level of interest.
The asset which is being used as security takes priority and this is what they tend to focus on alongside the exit route. This combined with our strong and long-standing relationships with the Heads of multiple lenders allows us to negotiate the very best terms for our Clients, providing as much flexibility as possible.
What: Development Land.
Where: East Anglia.
When: The Kingswood team began working with this client in 2019. This projects delivery date is 2025.
How: The client needed to put in place debt to provide time for negotiations with buyers to be finalised on parcels of the site alongside the money required to put in the infrastructure. The scheme will transform the local area providing not only housing but also buildings of smaller artisanal businesses.
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If you would like to speak to us about funding options for your project, contact us today.
If you would like to talk to a member of our team about project funding, please contact us today.
We are a specialist property finance debt arrangement firm based in the heart of London. Our commercial team facilitate investment and construction funding for real estate investors and developers.
£1,245,782 to date since 2015.
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