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.
Development Finance Loan – Bedfordshire
In Bedfordshire, Alternative Bridging faced the challenge of refinancing an expired loan on a development site. The difficulties of this scenario included securing competitive bridging loan rates and addressing the need for 100% financing of construction costs.
To complicate matters further, the developer, an experienced contractor, lacked a third-party JCT contract. As well as requiring an advance payment for the timber frame, putting additional pressure on the funding structure.
To navigate the complex landscape of financing this development in Bedfordshire, Alternative Bridging implemented a strategic solution. The refinanced loan not only secured competitive bridging loan rates but also covered 100% of the construction cost.
Alternative Bridging opted for additional security instead of traditional equity investment, demonstrating a tailored approach to the challenges presented. Recognising the developer’s situation, the lender, Alternative Bridging, took proactive steps to support the construction process.
Understanding the need for an advance payment to the timber frame supplier, Alternative Bridging provided the necessary funds in advance. Thus, ensuring a seamless progression of the project. Despite the developer lacking a third-party JCT contract, Alternative Bridging’s financing structure adapted to the specificities of the situation, offering a flexible and customized solution.
This case study reveals Alternative Bridging’s successful intervention in Bedfordshire’s development finance landscape. Through addressing the issues of 100% cost coverage, a developer without a third-party JCT contract, and the need for an advance payment. Alternative Bridging not only secured the project but also fostered its smooth progression.
The financing solution enabled the experienced contractor to construct a single executive home using a timber frame system. Alternative Bridging’s supply of funds for the timber frame, along with addressing the access road and foundation costs, demonstrates the adaptable approach. This case study is evidence of Alternative Bridging’s ability to craft bespoke solutions, ensuring successful outcomes in development finance scenarios.
Individually structured loans for residential and commercial development schemes, to finance site purchase or refinance, construction, fees and interest, up to 80% of total cost.
