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.
Alternative Bridging Corporation provided a development finance bridging loan to finance holding and planning costs which was converted to a £3.4m development loan, to bring an iconic Liverpool landmark back to life. The perfect opportunity to provide bridging loans for property development.
Situated on the Wirral peninsula, a former care home for widows of Liverpool seafarers, the Edwardian property was originally built in 1906 and had been left derelict for more than ten years. It was threatened with demolition until a petition by Save Britain’s Heritage gained nearly 6,000 signatures following which Alternative’s developer client purchased the property and negotiated planning permission.
The £3.4m development loan will fund the regeneration of the property to deliver thirty-four flats and four houses in Phase One and discussion is now active to continue with eleven flats in Phase Two.
Completion of the refurbishment of the existing building facilitates Phase Three, the development on the adjacent site, where ninety-eight apartments are to be constructed in three blocks. Amongst the new homes being built in Phase Three twenty-six will be used by the Nautilus Welfare Fund – a registered charity that supports retired seafarers and their dependents.
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.
