We have an experienced background in arranging large bridging loans for clients over the years. With this type of size loan it is important to ensure that you don’t just go with the first loan that is offered to you as getting a more suitable loan for your circumstances that offers more attractive rates can mean very significant savings and a much more smooth-running project in the long run.
To find out if you can find the finance you’re looking for and get the best possible large bridging loan that is available to you just fill out a simple finance quotation form. We will usually get back to you within 24 hours.
It’s more important for some lenders that the actual bridging loan makes sense from a business profitability perspective. More interested in your biz plan or entry and exit plan than anything else.
A large bridging loan of this type will be a very flexible as we will aim to find and negotiate a short term funding solution that is an ideal fit for your circumstances. Bridging loans can be secured on both a first and second charge basis.
Large Loans for Refurbishment or Renovation
If we were to paint a picture of the most common type of large loan client we get it would be the up-market London, or home counties, property developer. A flat or penthouse is a very desirable area, a great deal of renovation or refurbishment is needed and the property is worth upwards of £1,000,000. Quite an intimidating prospect, however, based on prices of other properties in the area, you are sure that a massive amount of profit could be made by turning this property around.
We can help you find bridging finance for up to 25 million pounds and we lend based on the current open market value, not the off-market or auction value. Most large loan products across the market will typically not charge an exit fee and both first and second charges can be considered.
Don’t let this put you off though if you’re not a ‘typical customer. We have experience arranging bridging loans for all types of clients
What Assets can bridging loans be used for:
There really isn’t much limit on what can be used as an asset. Below are some common examples:
- Property purchase
- Auctioned properties and goods
- Acquiring a commercial site
- Refurbishing and renovation
- 2nd and 3rd charges
- Tax payments
As I said above, there really isn’t any restriction provided it can make financial sense for the lender. Bridging loans have been given for pension lump sums, cars and even as commercial finance to help a company fund its initial public offering. What the lender wants to be sure of is that your plan will make sense from a business perspective. Ask yourself: do I have a realistic entry and exit strategy? How will the lender regard any of these assets?
We will find you fantastic rates, loans from 500k up to 25 million, non status available, 100% of purchase price, fast decision with an efficient and professional service.
With larger types of bridging finance it is also very rare that we charge a fee for finding you the finance. Using us as your broker will not affect your repayment rates so there really is nothing to lose. Fill out our quote form today for a better deal tomorrow.