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.
Transforming Visions into Reality
In Surrey, our expertise with Regulated Development Loans came to the forefront in a seamlessly executed project. Tasked with providing short term financial support for a part-built house, we navigated the complexities smoothly. Valued at an impressive £7 million (GDV), the loan amount of over £4 million was secured swiftly. This demonstrates our commitment to efficient and reliable financing.
The entire process from valuation to completion came about within a tight timeframe of 7 weeks. With the legal formalities taking only 4 weeks. It was the borrower’s dream to replace the existing structure with a wonderful 10,000 sq. ft, 3-story, 6-bedroom family home complete with a swimming pool. Serving a dual purpose, the loan: first, cleared existing mortgages, and second, provided the essential funds to bring this dream project to life.
The outcome is not just a testament to our proficiency in handling regulated development loans but a testament to the borrower’s vision. We are pleased with our dedicated legal partners at Lawrence Stephens for their instrumental role in this swift completion. A quick and substantial £4 million short term loan facilitated the realisation of a unique property—setting it apart with its distinctive features. This Regulated Development Loan demonstrates our ability to help transform visions into reality. It showcases our efficiency, reliability, and commitment to the aspirations of our clients.
Bruce Cheer, Asset Manager, Alternative Bridging Corporation says:
“This client held past experience on development projects, which played a role in contributing to the seamless execution of the short term loan process. A regulated Development loan is regulated where the loan is to be repaid within a 12-month duration. The team at Alternative Bridging are equipped with extensive knowledge and expertise in successfully handling development projects.
Joining the project midway through the construction phase of the project, we swiftly captured essential construction elements within the 12-month duration. Because of the tight timeframe, it is essential to overcome the arising hurdles quickly and efficiently to abide by regulations.
The borrower’s insight into the emerging requirements proved invaluable, enabling us to navigate arising obstacles efficiently. This collaborative effort underscored the significance of a lender’s development experience. Being able to navigate complexities and adhere to regulations, particularly within the confines of a stringent loan duration. The borrower’s understanding and experience empowered our team to concentrate on key property development requirements, facilitating a swift resolution of challenges within the 12 months.”
Secure funding when you need it Our regulated development finance loans are for owner occupiers to cover up to 80% of total development cost or up to 100% taken on other properties.
