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 Stephen Meller, Director & Chief Financial Officer at Alternative Bridging Corporation
Alternative Bridging Corporation has secured a new dedicated residential development funding line from its bankers to support it’s continuing growth.
The new funding line will release existing facilities and help the property lender to continue to grow its development finance loan book, while expanding its bridging loan programmes for residential and commercial properties, including regulated loans.
Stephen Meller, Director of Alternative Bridging Corporation, commented: “We have been supporting the needs of small and medium sized developers since our very beginning, as well as Regulated Development Loans more recently. Until now these loans have been funded from within our general pool of capital. This new residential development funding line is our first which is solely dedicated to providing development loans and demonstrates our continued commitment to this sector where for more than 30 years we have financed projects across the UK from 1 to 60 units.”
“Increasing the funding agreements with our existing institutional lenders, with whom we have had a long relationship, is particularly pleasing and is a testament to the quality of assets that we consistently deliver. Not only will this dedicated residential development funding line enable us to grow our development loan book, but facilitate the continued expansion of our Alternative Overdraft and Term Loan business as well as our Residential and Commercial Bridging loans.
“We have a best-in-class asset management team, with over 100 years’ experience in supporting developers, together with a highly experienced team of underwriters who not only understand the Group’s credit requirements but the needs of our brokers and our borrowers from the property industry and business community.”
“These teams continue to be strengthened to meet increasing demand and together with our knowledgeable BDMs, enable us to provide a first-class service to all our brokers and borrowers.”
Read the article on Bridging Loan Directory here.
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