Bridging Loans
As a leading bridging loan broker, Bespoke Commercial Finance offers tailored bridging finance solutions to meet the needs of our clients. A bridging loan, in particular a regulated bridging loan, is a flexible short-term finance option generally secured against land or property. Over the years, bridging finance has evolved to address the funding gaps and liquidity shortfalls often encountered with traditional high street banks. This evolution has made bridging loans an attractive choice for many, with quality lenders now offering competitive rates and substantial leverage.
Key components for a successful bridging loan include having suitable assets for security, an acceptable use of funds, and a well-defined exit strategy. Bridging loans can serve various purposes such as facilitating purchases at property auctions, acquiring properties that are currently unmortgageable, undertaking property refurbishments, preventing breaks in property chains, assisting with downsizing, or when traditional mortgages are unattainable. They are also effective for raising capital for personal or business purposes.
Why Consider a Bridging Loan for Property Development?
The primary advantage of using a bridging loan for property development is the speed and agility it offers. As a bridging finance broker, Bespoke Commercial Finance understands the urgency often associated with property development and investment opportunities. Bridging loans provide a crucial financial bridge between purchasing or renovating properties and securing longer-term funding or selling the developed property.
Additionally, bridging loans are more accessible compared to traditional mortgages and can often be arranged within a matter of days, depending on the lender. This swift financing allows clients to capitalise on opportunities without delay, ensuring that projects can commence at the earliest possibility.
Choosing the right bridging finance broker can improve your chance of successfully navigating the difficulty of property development financing. Bespoke Commercial Finance specialises in regulated bridging loans, ensuring compliance and security for all parties involved. Our expertise in bridging finance enables us to provide customised solutions that align with your project requirements and financial objectives.
Flexibility
A bridging finance package is more flexible than any other commercial mortgage.
Interest only option
Depending on the requirement and purchasing structure, some lenders offer a “Interest only” package. This allow you to pay the interest on a monthly basis, while the principal loan amount is merged as a part of the existing mortgage. This is immensely beneficial for businesses with limited cashflow.
Adaptability
Bridging loans are robust and adaptable. With the right deal negotiated with a specialist bridging loan broker, they can be used to finance almost every business expense.
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Testimonials
What our clients say
“I have worked with Bespoke for several years now and have built up a very trusting relationship with the team. They’re always professional, deal with customers very fairly and ensure they’re offered the most effective solutions to meet their needs. I have no reservations in dealing with Bespoke and their abilities to provide suitable solutions for customers.
— Scott Campbell
Head of Barclays Business Sales
I have recommended Bespoke’s services to a number of our clients, both that have existing factoring facilities and also to clients who are looking at their financing options. The service provided has always been exceptional and the feedback from these clients has been nothing but praise. I would therefore highly recommend the Bespoke team.
— Tim Pearce
Managing Partner, Haines Watts
We contacted Bespoke as we were looking for an invoice finance facility to support the business due to our fast growth. They didn’t disappoint! They gave us first-class advice and support and within a week had provided us with a choice of competitive funding options. Bespoke worked with us through the decision process and helped us secure a finance facility which was ideal for our business and offers the flexibility for future growth. A-first class service throughout.
— Paul Davison
Director, Nutraformis
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