Fast Funding for Major Makeovers: Heavy Refurbishment Bridging Loans

When tackling major property transformations, speed is crucial

Securing fast funding for major makeovers can make all the difference in ensuring that a project moves forward smoothly and efficiently. Whether you’re converting a commercial space into residential units or undertaking large-scale structural improvements, heavy refurbishment bridging loans provide the rapid financial support needed for such extensive undertakings.

At Alternative Bridging Corporation, our Heavy Refurbishment Bridging Loan is tailored for those seeking swift, flexible financing for major property makeovers. Designed specifically for projects that require significant structural changes or planning permission, these loans expedite the entire process, helping you to complete renovations without delays.

Why Choose a Heavy Refurbishment Bridging Loan?

Heavy refurbishment projects often involve large-scale changes that demand fast, reliable funding. Traditional lending methods are often too slow and rigid, making bridging loans the ideal choice for major refurbishment projects. Here are a few reasons why heavy refurbishment bridging loans are the best option:

• Speed: Quick access to funding ensures that your project doesn’t stall, allowing you to move forward without waiting on lengthy bank approvals.
• High LTV: With up to 70% Loan to Gross Development Value (LTGDV), you can access significant funding based on the projected future value of the property.
• Flexible Loan Terms: With terms ranging from 3 to 24 months, our loans give you the breathing room to finish your project on time.
• Versatility: Ideal for a wide range of projects including converting commercial properties into residential spaces, structural reconfigurations, or residential property extensions.

The Importance of Fast Funding for Major Makeovers

Speed is often the deciding factor in a project’s success, especially when it comes to major makeovers. Fast funding ensures that contractors can be paid on time, materials can be sourced quickly, and unforeseen issues can be addressed immediately. Here’s how fast funding can help expedite your project:

• Avoid Delays: With fast finance in place, there’s no waiting around for approval, meaning your project can start immediately and progress smoothly.
• Flexible Solutions for Complex Projects: Major refurbishments often require structural reconfigurations and extensive planning. Fast funding helps ensure that these time-sensitive phases are completed without delay.
• Maximise Opportunities: By receiving funding quickly, you can take advantage of opportunities as they arise, whether it’s securing additional property or expanding the scope of your refurbishment.

Checklist for Heavy Refurbishment Bridging Loans

Before taking out a heavy refurbishment bridging loan, it’s essential to plan ahead. Here’s a quick checklist to help you ensure your project stays on track:

• Define the Project Scope: Ensure your project is well-planned with a clear timeline and a detailed budget.
• Review Loan Terms: Make sure the loan term fits your refurbishment schedule, with enough flexibility to accommodate any potential delays.
• Secure Planning Permission: If required, ensure all planning permissions are in place before applying for the loan.
• Exit Strategy: Have a solid plan for how you will repay the loan—whether through the sale of the property, refinance, or transfer to a long-term loan.
• Interest and Fees: Be aware of interest rates (starting from 1.05%) and fees (2% arrangement fee, 1% exit fee) to ensure they fit within your budget.

Key Features of ABC’s Heavy Refurbishment Bridging Loan

At ABC, we pride ourselves on offering a flexible and comprehensive funding solution for major property transformations. Here’s what our heavy refurbishment bridging loan offers:

• Loan amounts ranging from £500,000 to £3,500,000
• Loan terms from 3 to 24 months
• Up to 70% Loan to Gross Development Value (LTGDV)
• Interest rates starting from 1.05%
• First charge security on a wide range of property types
• Available for individuals, partnerships, UK Limited Companies, and offshore entities

How ABC Expedites Fast Funding

At Alternative Bridging Corporation, we understand that time is of the essence in major makeover projects. We streamline the loan process by keeping all key decision-makers under one roof. Our experienced team works closely with you, reviewing contractors’ proposals and planning permissions to ensure all aspects of the project are thoroughly assessed.

Our team remains in close contact throughout the project, visiting the site as necessary to approve and release stage advances promptly. This hands-on approach ensures that small issues are addressed quickly, helping you avoid delays and maximise opportunities.