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 used our development finance loan to fund the re-development of a care home into flats in Cheshire.
The building was a two-storey building dating from the Victorian era and most recently prior to conversion was used as a care home. The site extended to 0.162 hectares (0.401 acres). Planning permission was granted for the development of 14 Supported Living apartment units in May 2019. A development loan of more than £2.13m was required to fund the conversion of the former care home in Warrington, Cheshire
This was the first development loan we had provided for an experienced developer with whom we worked closely to understand the details of the case.
Prior to the re-development of the property, the developer had already agreed a sale to a local social housing provider and this, combined with the developer’s experience, gave us the confidence we needed to extend the leverage we were able to offer.
In total, the deal took three months to complete, but this period included the time taken for the developer to exchange contracts with the end buyer, ensuring a guaranteed exit once the scheme had been completed.
This case demonstrated how Alternative Bridging is able to work flexibly to meet the individual needs of a client and their development projects. In doing so, we were able to establish a strong relationship with this experienced developer, whom we look forward to working with again in the future.
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.
