We are a bridging loan specialist, providing our own competitive rates and fast financial solutions for property investors, developers and companies.
As well as searching the market across our extensive panel of Business Loans, and Commercial Mortgage providers, THINK also specialise in providing their own Bridging loan products with extremely competitive rates, and fast decisions for property investors, developers and companies.
What are Bridging Loans?
This consists of a number of types of facilities, but ultimately is a short term option and can be a real benefit to certain projects. Interest is charged monthly, but ‘rolled up’ and the total paid at the end of the term, with the capital, instead of monthly. The ‘exit’ must be agreed beforehand, and come in the form of re-finance or property sale
Often used for property development projects, but doesn’t need to be specifically for that, and therefore can be of great benefit to new ventures or businesses where turnover or profitability isn’t going to be realised for a few months or years.
- Terms from 1-18 months usually
- Monthly interest rates
- Rates from 0.75 – 2% per month
- LTV around 70%
- Exit funding needs to be established
THINK Bridging offers finance facilities for a range of situations, such as:
- Traditional bridge financing
- Buy to Let investments
- Auction purchases
- Refurbishment opportunities
- Development projects
- Commercial / business property finance
“Whatever your situation, if you are a commercial property investor and you need access to short term flexible finance, we have the experience and funding to help.