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.
North London Commercial Loan
Having almost completed his existing project, five detached houses financed by Alternative Bridging, our developer client was anxious to purchase his next site, a retail investment with a large rear garden in North London. Our client had met with the planners and was confident that if an application was made, planning permission would be granted for two roof-top apartments and mews houses in the rear garden.
The challenge was twofold. First to complete the purchase in a limited period as contracts had already been exchanged, secondly to fund 100% of the purchase price. Alternative agreed on a facility of 65% of the value of the property for the purchase and provided the balance by releasing funds from the client’s current project ahead of sales.
All of this was agreed upon within a day of first hearing of the proposal and the challenge was to complete the commercial bridging loan and purchase within the contract period. Alternative instructed solicitors and valuers with whom they have close relationships and the valuation was received in 5 days and the loan was completed the day after the report on title was received, from a standing start only 16 working days after the file was passed to underwriting.
This demonstrates our passion and commitment to overcoming complex commercial finance obstacles. It also emphasises the importance of experience and the development of close relationships with solicitors and valuers in order to expedite a transaction in a very quick timeframe.
Getting commercial finance doesn't have to be this tricky Our Commercial Bridging Loans are available for purchase, refinance and property improvement or for unlocking working capital.
