Bridging Finance

Development - Stretched

Ground-up developments and major works - When extra leverage is required to make the project work.

Loan Size

£500k - £5m

Loan Term

1-24 months

MAX LTV (day one)

70% net

Max LTGDV

70%

Max LTC (net)

85%

MAX £PSF of GDV

£1,750

Arrangement Fee

2%

Exit Fee

Up to 2%

Interest Method

Rolled

Charge

1st charge

Property

Residential, Commercial, Mixed-use, HMOs.

Works

Ground-up developments, basement excavations - We will fund 100% of the construction costs. Works greater than 50% of the property value are permitted.

Tenure

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

LTV %

Rate (%pa)

>55

9.60%

>60

10.80%

>65

11.40%

>70

11.88%

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