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
Development finance is a type of funding typically used to help fund property purchases, new developments and construction. Development finance can be very flexible and can also be used for purposes such as office refurbishments, conversions and for paying interest and fees. Development loans allow your client to finance the entire property development process, from acquisition and construction to renovation and refurbishment.
By acquiring a Development Finance loan, your client can conveniently expand their investment portfolio. A significant advantage of development finance is its potential to magnify the impact of an investor’s capital. By financing a portion of the project costs, the loan allows investors to undertake developments that might otherwise be out of reach. This strategy can facilitate portfolio growth at a faster pace compared to relying solely on personal capital or traditional mortgages.
Development Finance Loans can indirectly improve overall return on investment within an investment portfolio. The potential for higher rental yields or resale values on developed properties can outweigh the borrowing costs associated with the loan. Additionally, successfully completed development projects can free up capital for further investments, creating a snowball effect for portfolio growth.
Our Development Loan is perfect for purchasing property and refinance services, covering site costs, construction expenses, interest, and other fees.
The loan also offers an extended sales period, and upon completion there is an option for a top-up advance if required. There is also the benefit of a reduced bridging interest rate during the sales period.
Service is always at the top of our agenda. Our friendly, experienced BDMs can draft a loan facility that is structured to your client’s exact requirements.
Swift access to capital is crucial when acquiring property, particularly when buying through an auction. Our streamlined application process and prompt decision-making ensures your client can seize time-sensitive opportunities without delay.
We go beyond simply providing financing. We view ourselves as a partner in your clients’ success. Our BDMs have extensive experience with property development finance. They also possess a deep understanding of the intricacies of acquiring property and the unforeseen issues that can be a drain on funds. This expertise translates into informed guidance and support to secure the right funding for your client.
This £1.3 million development loan in Basingstoke, Hampshire presented complexities that our BDMs were able to overcome. The land for this project lacked registration, and legal intricacies surrounded transferring portions earmarked for development. However, our flexible approach allowed us to tailor loan terms that aligned with the security structure. Following swift agreement, we delivered the loan within two weeks.
On completion day, the borrower required an urgent £120,000 advance to initiate construction. Demonstrating our commitment to responsiveness, Alternative Bridging acted swiftly. Collaborating with our in-house asset managers and surveyors, we processed the request promptly and released the funds within the next business day.
Stephen Watts at Brightstar Financial Limited said: “This case was a great example of why it is so important to work with a lender like Alternative Bridging Corporation who have genuine expertise in funding property developments. There were a number of complexities to overcome, but the team at Alternative Bridging were able to work quickly and take a flexible approach. Their in-house Asset Management team meant they were also able to approve an urgent advance for our client, with the funds being released the next day. We wouldn’t have been able to complete this development loan case if it were not for Alternative Bridging.”
This case study exemplifies our unwavering commitment to exceptional client service. Our streamlined structure, with our entire team situated in-house, our process is extremely efficient and allows rapid decision-making. In this case study, our dedicated asset managers and surveyors seamlessly collaborated, ensuring the client received the requested advance within the next business day.
If you are a broker who is looking to acquire the best development finance loan for your client, you can rely on our experience and expertise. Our BDMs are on hand to provide expert advice. If you have any queries, please send us a message, alternatively, you can call us on 020 8349 5190.
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