Short term funding, or to use its well known term, Bridging Finance, is probably the most under used form of financing. A bridging loan can provide fast access to funding with the minimum of formalities. Bridging finance can be used in a number of different circumstances, such as refurbishment - buying dilapidated properties and then renovating and selling them in a short space of time. One of the most common usages is when people buy a new property before their present one is sold - "a bridge".
With bridging finance, the loan will always be secured against residential or commercial property. A first or second charge will be taken against new or existing property, or a combination of both. Another great use for bridge finance is for people who purchase property at auction, where funds are required quickly. Bridging finance is much quicker to arrange than a normal residential mortgage; on average 3-5 working days from first enquiry to completion.
Bridging finance is a very flexible form of short term funding, and compared with conventional forms of finance it is very quick to organise and draw the money. Bridging finance loans can be secured on either a first or second charge basis on residential investment or commercial property, or on land and development sites with or without planning consent.
If you are a business or residential investment investor and looking to quickly raise funds secured on Commercial and Residential Investment property or land, then we can help you with an advance of up to 75% of the value of the security being offered.
Commercial finance and Bridging finance can be used for any legitimate purpose including investment property purchase, working capital, equity release, order fulfilment and similar requirements.
Terms and interest rates offered depend on the amount of funding required and loan term but start from just 0.99% per month, in many cases interest payable can be 'rolled up' in to the loan for an agreed period.
To learn more either call us today on 0844 357 6095 or complete the brief and 'no obligation' enquiry form. A member of our team will be in touch to discuss your requirement and give an immediate in principle decision.
Non status bridging finance means we can usually lend if your proposal makes good business sense, even if standard lending criteria are not met.
View examples of common bridging finance scenarios, and how we can help with your short term borrowing. Jumbo Bridging finance offer bridging finance to suit all purposes, from self certified loans to full status large hedge fund placements.
Jumbo Bridging has a partners programme for all industry professionals. If you are in the finance sector, please enquire about our partners programme to find out how you could benefit from this fast paced exciting environment.
SUPER JUMBO FINANCE originates, underwrites, structures, and sources funding for market or event driven real estate special opportunities to entrepreneurs, developers, and companies.
