Bridging finance, otherwise known as short-term finance or auction finance is a way of purchasing property or raising funds quickly, in some circumstances as quickly as 48 hours, for those financial needs that are urgent and potentially short-lived.
Bridging loans can be useful to businesses in any number of different circumstances.
- Auction purchases
- Paying an urgent debt
- Property development or conversion
- Property purchase or re-finance
- Cash flow injection
How could bridging finance help you?
The Beard Guy works closely with you to understand what the short term funding requirement is, the likely term of the loan, how the loan will be repaid and any other requirements you may have. Then an appointed specialist can tailor a bespoke facility to meet the needs.
The following options are available:
- First and second charge loans
- Funds available quickly
- Short and long term facilities available
- Flexible rates with interest roll up
- Fees can be added to the loan
- 100% funding available with additional security provided
It is useful to know that many bridging lenders may lend against market value rather than purchase price, which can be a valuable facility for property investors and developers.
To find out more Please get in touch Contact Us
Your property may be repossessed if you do not keep up on repayments on a mortgage or any other debt secured on it.