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, Corby Northants
Corby Northants Development Finance Loan: The Development Finance Loan from Alternative Bridging can be used for buying or refinancing needs, including site expenses, construction costs, interest, and fees. It also allows for an extended sales period for the borrower.
A respected groundworks company based in Corby, Northants, owns a large piece of land approved for a housing project. The land is divided into three parts: the first is under construction without funding from Alternative Bridging, the second is planned for 15 houses, and the third holds potential for future development.
Alternative Bridging had previously provided a bridging loan for the third phase and now extends finance for the second phase, covering the first phase of development of the 15 plots. To enable Alternative Bridging to provide 100% of development cost, the two loans have been cross-collateralised so generating the developer’s equity in addition to the senior debt.
Facing complex challenges, negotiations begin with a third-party lender, focusing on their debenture over the borrower. Simultaneously, efforts are made to fund the equity, using additional security to strengthen the financial structure. Balancing these intricacies is crucial for financial viability and aligning with the groundworks firm’s strategic vision.
Alternative Bridging’s collaborative approach skilfully handles negotiations and funding challenges, while also enabling the borrower to retain interest. The strategic use of connected securities proves crucial in achieving full coverage and unlocking the potential of the residential development project.
In conclusion, the collaborative efforts between the groundworks company and Alternative Bridging demonstrate resilience, strategic insight, and financial innovation. This sets a standard for handling the details of residential development projects and paves the way for sustainable growth.
The successful outcome not only secures the phased residential development but also strengthens the connection between the strategic financing approach and the visionary goals of the groundworks company.
This case study displays the cooperative relationship between the two entities, showcasing their expertise in overcoming complexities, ensuring financial stability, and laying the groundwork for future success in property development.
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.
