Inspiring Business by Sharing Success
Added by Love Business East Midlands | 30 April 2014
UPDATED: 4 June 2014
Correctly advised and properly arranged, a bridging loan is an excellent financial tool. The problem occurs when they are used in the wrong circumstances, or arranged where an ‘exit’ is not in place.
An ‘exit’ is the term used to describe the method by which the bridging loan is to be repaid. If your bridging finance is set-up wrongly or without a good exit strategy in place, it can cost you dearly.
they’re arranged for the right reasons and…
they’re fully explained at the outset with all fees and costs explained.
You choose a term that is realistic and make sure that enough time has been allocated for any improvement work and marketing, if the property is to be sold.
Most people think about bridging loans in relation to a property purchase but they can be used for virtually any purpose.
• Asset refinancing
• Property auction finance bridge facility
• Property development bridging finance
• Property Conversion Finance
• Property Refurbishment Finance
• Bridging loans to break mortgage chains
• Business bridging loans to raise working capital
• Finance buy-to-let properties
From time sensitive deals such as auction purchases, money for business cash flow and light property refurbishment, the list is endless.
One of our helpful staff can talk you through how our bridging loans could meet your needs and will guide you through the simple bridging process.
The underwriting decision can be made within one hour of you making the initial enquiry – however, because our people are highly experienced, you will get an indication of the likely outcome during your initial call.
Redrock Commercial Finance – Specialists in fast track bridging and commercial bridging loans