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.
Slough Residential Development Finance Loan: Nurturing First-Time Success
An experienced building contractor was embarking on his first property development project, consisting of eight flats in Central Slough. Construction had started years prior, supported by retained business profits and a now-expired bridging loan. To fulfil the borrowers’ vision, additional property finance was required for completing construction and furnishing the flats. The property was intended to be retained and let on Assured Shorthold Tenancies.
Alternative Bridging stepped in to support this contractor’s first development project with a residential development finance loan. This provided them with a financial boost essential to complete the construction phase and prepare the flats for rental. This strategic financing approach enabled the successful completion of the project, laying the foundation for future successes for this borrower.
The residential development finance loan was repaid through a refinancing process, where the borrower transitioned seamlessly into a long-term commercial loan. Alternative Bridging’s support ensured the successful completion of the contractor’s first residential development project. More importantly, it also paved the way for continuous success in future projects.
Property Development projects naturally come with some complexities demanding a fast, flexible approach. It is important to partner with a lender experienced in navigating property development finance challenges to achieve the best outcome efficiently. Alternative Bridging Corporation’s expertise and knowledge within the property development finance realm prove instrumental to overcoming hurdles. Facilitating smooth transitions, and ensuring the most cost-effective solutions for borrowers is important for project success. This case exemplifies the importance of collaboration with experienced lenders for a smooth development journey.
Click here to read another case study about an experienced contractor who required an Alternative Bridging Property Development Finance Loan for their project in Bedford. This borrower was provided with a loan over £900,000.
For more information on our Residential Development Finance Loans and types of Development Finance loans, click here.
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.
