Bridging Finance

Refurbishment Bridge

Our refurbishment bridge is suitable for investors and developers who require funding for works to be carried out within an existing structure. Our refurbishment bridge can be used when converting a commercial property into residential or converting a house into flats.

Loan Size

£200k - £5m

Loan Term

1-15 months

MAX LTV (day one)

75%

Max LTGDV

70%

Max LTC

90%

MAX £PSF of GDV

£1,750

Arrangement Fee

2%

Exit Fee

Up to 1%

Interest Method

Rolled

Charge

1st and 2nd charge

Property

Residential, Commercial, Mixed-use, HMOs.

Works

Conversions and improvement works, converting a commercial property into residential,conveting a house into flats - We will fund 100% of the construction costs. Works up to 15% of the property value are permitted. We will manage draw-downs using light touch monitoring when possible.

Tenure

Freehold and leasehold with at least 55 years remaining on lease.

LTV %

Rate (%pm)

>55

0.59-0.70%

>60

0.64-0.75%

>65

0.69-0.85%

>70

0.79-0.95%

TOP