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 Jonathan Rubins, Director & Chief Commercial Officer at Alternative Bridging Corporation
Navigating the world of property finance is often a journey of unique challenges and opportunities. At Alternative Bridging Corporation, we offer a distinctive portfolio of Specialist Lending products. Crafted to address a variety of financial situations. Our flagship specialist offering is the ‘Alternative Overdraft’, an innovative product that’s reshaping the property finance industry.
Our Alternative Overdraft product is far from just a regular bridging loan. It’s a cutting-edge product that draws clients and brokers to us with its compelling advantages. With this innovative product, clients can tap into liquidity as needed. Proving an optimal solution for auction finance, site acquisitions or even to fund ongoing projects.
With loan amounts ranging from £250,000 to £2M, this product allows clients to leverage their under-utilised assets in their financial plans. Unlike a traditional bridging loan, our two-year Alternative Overdraft facility provides the ability for multiple drawdowns on demand. Thus ensuring a truly flexible short-term finance solution.
Interest is only charged on the balance outstanding, offering the convenience of manageable repayments. Our Overdraft product also avoids the costly and repetitive setup charges usually associated with loans. Secured by a first charge on under-utilised assets or a combination of commercial and residential properties. Our Alternative Overdraft is indeed a game-changer.
Diving deeper into our suite of Specialist lending offerings, we have the ‘Alternative Term Loan’. A step away from the regular short-term loan, this product has been designed with a long-term perspective in mind. The Alternative Term Loan allows for a bridging loan duration of up to five years. Providing the flexibility and extended timeframe often required to complete ongoing or complex projects.
One of the key features of our Alternative Term Loan is its adaptability, making it particularly well-suited for asset management situations. This is more than just a loan; it’s a strategic financial tool that helps you effectively manage your assets. While ensuring the smooth progression of your projects.
But, what truly sets the Alternative Term Loan apart is its unique ability to support longer-term projects. Whether it’s a complex property development or a business expansion plan. This loan provides a secure and strong funding solution over an extended period. This gives you the peace of mind to focus on what matters the most – the successful completion of your project.
Lastly, we’re proud to introduce the PartX Property Finance product, an innovative finance solution for both developers and purchasers. This product allows part exchange of old homes for new, which has seen growing popularity among home buyers and developers. With PartX Property Finance, developers of any scale can reap the benefits of part exchange.
1. Developers can attract more buyers
2. Provides certainty to the sales process
3. No chain to hold things up
4. Can provide funds for light refurbishment
5. Purchasers can move into their dream home quickly
6. Developers can complete sales quicker at full value
PartX is a win-win for all stakeholders, from developers to their funders and from homeowners to prospective buyers. It’s a short-term loan solution that ensures developers can complete sales rapidly and efficiently, reducing the lender’s exposure even after the necessary deductions for the PartX Property Finance loan.
For homeowners, this product facilitates a full-value sale of their existing property, enabling them to purchase their dream home without any waiting period. This not only eliminates the moving house hassle but also cuts out the chain, accelerating their purchase. They can now sell their property at full value and swiftly move into their dream home without the regular selling stress.
PartX also extends finance to developers for the purchase of the part exchange property and includes funds for light refurbishments if required. This facility is available regardless of whether Alternative Bridging provides the development facility or it’s granted by a third-party lender.
The terms of the facility are agreed at the outset, with all due diligence completed in advance, making the process of drawing down funds as smooth as possible.
As we continue to redefine the landscape of property finance, Alternative Bridging Corporation remains dedicated to delivering innovative and bespoke solutions that meet the needs of our customers. Our range of Specialist Lending products, featuring the Alternative Overdraft, Alternative Term Loan, and PartX Property Finance, reflects this commitment.
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