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.
Consolidate and Conquer – £2.5m refinancing loan – Plymouth
In Plymouth, a property development company required a refinance for several loans to be secured by their property portfolio. This involved a variety of property investments, including flats, houses, and offices, some of which had development potential. The total value of the portfolio was £3,800,000, and the developers required a loan amount of £2,500,000, resulting in a Loan-to-Value (LTV) of 67%. The bulk of the security, which involved over 30 tenancies and required combination ownership into a single entity, posed significant challenges. Traditional lenders were reluctant to provide such a large refinancing facility due to the complex nature of the assets and the perceived risks involved in managing multiple tenancies and development potential.
To tackle the complex issue, the developers reached out to Alternative Bridging, who host the knowledge and expertise to take on cases like these. We created a thorough £2.5m refinancing loan and refinancing plan that addressed the complexities of the security. By presenting a well-structured proposal that incorporated the portfolio’s potential and the developers’ strategy to merge ownership, a refinancing facility of £2,500,000 was agreed. The plan included repaying the existing loans with a combination of refinancing through long-term loans and asset sales, ensuring a clear path for debt repayment and portfolio optimisation.
Securing the £2,500,000 refinancing facility enabled the developers to repay the clearing bank loans and streamlined the ownership of their diverse investment portfolio. The infusion of funds allowed for better financial management and aided the merging of assets into a single vehicle, simplifying operations and enhancing the portfolio’s overall value. By implementing a strategy of refinancing with long-term loans and selling select assets, the developers ensured the loan’s repayment and positioned the portfolio for future growth.
This £2.5m refinancing loan case demonstrates the effectiveness of tailored refinancing solutions in resolving complex financial challenges and optimising investment portfolios.
Residential finance with fewer hoops We provide Residential Bridging Loans that are secured by a first or second charge mortgage on residential investment properties.
