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.
An experienced developer in Warrington, Cheshire, sought funding to redevelop a two-storey Victorian-era care home into 14 supported living apartments. The site, which covered 0.162 hectares (0.401 acres), had planning permission granted in May 2019 for the conversion. However, to carry out the project, the developer required a development finance loan of £2.13 million. The project also had a pre-agreed sale to a local social housing provider, offering a secure exit strategy.
Alternative Bridging provided the development finance loan of £2.13 million to fund the conversion of the former care home. The lender worked closely with the developer to identify the details of the project and understand the developer’s experience. The pre-agreed sale to the social housing provider, coupled with the developer’s track record, allowed Alternative Bridging to offer extended leverage for the project. The deal, which took three months to complete, included the time needed for the developer to exchange contracts with the end buyer, ensuring a secure exit plan upon project completion.
The development loan enabled the successful conversion of the former care home into 14 supported living apartments. The pre-agreed sale to the local social housing provider ensured a smooth and guaranteed exit for the developer once the project was completed. The partnership between Alternative Bridging and the developer not only facilitated the timely execution of this project but also laid the foundation for future collaborations. This case demonstrated Alternative Bridging’s flexibility and ability to tailor solutions to meet a developer’s specific needs, showcasing a strong working relationship with experienced developers to ensure the success of their projects.
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.
