Our short term bridging loans are for purchase, refinance, property improvement or to unlock working capital for business purposes.
This unique overdraft provides you with a flexible drawdown facility giving you instant liquidity and avoids heavy setting-up costs.
Individually structured loans for residential and commercial projects, with finance available for site purchase, construction and fees, refinance, equity release and to provide working capital. Loans are available up to 90% of the site cost.
Flexible first and second charge non-regulated loans available on terms from 3 to 5 years.
We have a commitment to innovation and with the ever changing financial landscape around us we have designed a range of unique Specialist Lending products that solve a range of property finance needs.
By Taylor Osunsedo, BDM, London and South West at Alternative Bridging Corporation
Alternative Bridging Corporation has announced the completion of a £1.2 million semi-commercial bridging loan to support the fast purchase of a South East London property by its existing tenant.
The tenant, operating as a business within the semi-commercial property, secured an opportunity to purchase the building from their landlord for £1.5 million, significantly below the £2 million market valuation. Facing a tight deadline to take advantage of the discounted price, the tenant required a quick financial solution to complete the transaction.
Alternative Bridging stepped in to provide a £1.2 million semi-commercial bridging loan, enabling the tenant to meet the seller’s deadline.
The loan was completed within just 20 working days, including an impressive 10 days from the receipt of the valuation to final completion.
Due to Alternative Bridging Corporation’s swift processing of the case, the tenant successfully acquired the property at the discounted price of £1.5 million, securing a significant value gain. The streamlined handling of the loan ensured the borrower could capitalise on the purchase opportunity within the required timeframe.
“This is the type of case that exhibits our ability to deliver tailored and timely solutions that meet the needs of our clients directly. The co-operation between all parties involved was exemplary, and we’re delighted to have supported the tenant in securing a fantastic opportunity to purchase their premises at a substantial discount.
“We take pride in enabling our clients to achieve their property goals, no matter how complex or time-sensitive.”
Here at Alternative Bridging Corporation, we take pride in our close relationships with our third parties. This case highlights how speed and flexibility are particularly valuable in this type of semi-commercial bridging scenario allowing us to get one step ahead opening up greater opportunities that benefit the client.
Read more about this £1.2m commercial bridge here.
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