A Bridging loan is essentially a short-term loan that is arranged within a short time frame and may be arranged for an individual or a company.Terms can be from a 1-day bridge to 18 months and arranged within 48 hours to 2 weeks depending on each individual case.
Bridging loans can be used for various purposes such as raising working capital for your projects, quick purchases where a mortgage can’t be obtained in time, portfolio restructuring, or if you are buying a property to refurbish which is deemed unsuitable for a mortgage. Bridging Loans bridge the gap until longer term finance can be arranged. Terms can be from a 1-day bridge to 18 months, and loan amounts range from £30,000 to £50,000,0000. Funds can be arranged within 48 hours to 2 weeks depending on each individual case.
“We will always endeavour to package and submit the proposal to ensure your funding application is positively sanctioned and approved with funds being made available in the fastest possible time.”
Contact us to speak with a specialist regarding your bridging loan requirements today on 0121 623 7191