Short term finance used to maintain liquidity prior to a predictable transaction ( such as a sale ) or long term finance arrangement known as the facility exit
The two essential elements of a bridge facility are the security and the exit Generally there is no requirement to demonstrate a proven income stream as interest is rolled up and included within the gross loan. As a result there is a much lower level of documentation and paperwork with this type of finance. Timescales to put the facility in place can be very rapid and generally only limited by the speed with which the legal work is completed. It is therefore vital to ensure your solicitor is experienced in bridging finance to ensure a rapid draw down of funds.
Suitable for property development, refurbishment, commercial working capital or any business purpose.
• Rates from one per cent per month.
•Term from one day to 12 months.
• Any status
•No accounts required, relatively little documentation
• Fast decision
• Rapid release of funds
Telephone now on 0207 610 6100 for a no cost no obligation quotation.
Free consultation and business advice available.