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.
By James Bloom, Director at Alternative Bridging Corporation
Our specialist property development loan is designed for the purchase or refinance of residential investment developments. Or for commercial property developments.
It is mainly used by experienced property developers to finance large-scale projects of significant buildings, and ground-up developments; for example, building a property from scratch or renovation works. For those who want to invest in a private residential property but don’t have immediate funds available a development loan can help.
It provides a large amount of liquidity to a developer, allowing them to complete or refinance projects, at a highly competitive rate of interest.
1. As our whole team is located in-house, we can communicate quickly and efficiently, providing your finance as soon as possible.
Our streamlined processes allow your client to move forward with their project sooner. Compared to using other funding methods, it is far more efficient.
Property acquisitions and refurbishments require significant upfront investments that must be obtained quickly. Delays in gaining funding can have a significant negative impact on the financial performance of the property development project.
2. Tailored Development Property Finance – A tailored approach to finance is integral to the processes we use at Alternative Bridging Corporation. We know that all our clients have unique circumstances. A one-size-fits-all approach is not good enough.
3. We always analyse every application using a human approach, not just using algorithms. We tailor every finance arrangement with precision for each client, making sure that the product caters to their exact requirements.
4. A different approach – As we provide the funding and are the decision-makers, we don’t have the pressures or limitations other lenders can have. We strive to approve your loan swiftly and simply.
5. Loans of up to £3.5m are available from Alternative Bridging. This finance enables your client to expand their purchasing power and secure more ambitious investment projects. This can lead to increased potential returns and a larger portfolio of income-generating assets.
6. Product benefits – Our Development Loan offers an extended sales period and upon completion, the option of a top-up advance if required.
Furthermore, during the sales period, the loan features a reduced bridging interest rate.
7. Competitive interest rate – We offer competitive interest rates from 1.10% per month. To read more about the first charge details, please take a look at the product page.
8. Bridging the funding gap – You may find your client is in the process of acquiring a property for development. However, they need to bridge the gap between the purchase price and the available funds. Development Finance can provide the necessary liquidity.
9. Flexibility – Development property finance can be used for a wide range of projects. Including new build development, refurbishment, and equity release. This flexibility means the product is suitable for a wide range of property investors.
10. Diversification and risk mitigation – Diversifying a property investment portfolio across multiple development projects can help mitigate risk and improve overall returns. Development property finance enables your client to pursue multiple opportunities simultaneously, lowering risk.
11. Avoids limited options with a bank – The flexibility of our Development Loan means that your loan can have more features such as the prompt payment of stage advances during the construction period.
Traditional banks tend to be more restrictive when it comes to loan features and the processing times can be significantly longer.
If you would like to learn more about the funding options for property development, don’t hesitate to contact us.
Whether you currently have projects running or have upcoming property development projects in the pipeline, feel free to discuss your plans with us.
Our property finance professionals are here to answer any questions or queries you might have relating to financing your property development projects. You can send us an enquiry alternatively, give us a call on 020 8349 5190 or send us an email hello@alternativebridging.co.uk
Prompt and meticulous service is the cornerstone of our development property finance offerings.
We prioritise individual attention and swift decision-making, ensuring that each client/developer’s needs are quickly addressed.
Our streamlined processes allow us to navigate development complexities efficiently, delivering you with exceptional service and unwavering commitment to help you finance and deliver your large-scale development projects on time.
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