{"id":6325250,"date":"2020-11-26T14:48:30","date_gmt":"2020-11-26T14:48:30","guid":{"rendered":"http:\/\/beta.project-progress.net\/projects\/bespoke\/?page_id=6325250"},"modified":"2021-10-07T08:03:51","modified_gmt":"2021-10-07T08:03:51","slug":"bridging-loans","status":"publish","type":"page","link":"https:\/\/beta.project-progress.net\/projects\/bespoke\/bridging-loans","title":{"rendered":"Bridging Loans"},"content":{"rendered":"[vc_row el_class=”decoration-top”][vc_column css=”.vc_custom_1601043676477{margin-bottom: 00px !important;padding-top: 0px !important;}”][vc_empty_space height=”120px” el_class=”norebro-phone-space”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” el_class=”service-section-blk”][vc_column width=”2\/3″ el_class=”service-content”][vc_row_inner][vc_column_inner width=”1\/2″]
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\n\t\tBridging Loans\t<\/h2>\n\n\t\n\t\t\n<\/div>[vc_column_text]In short, a Bridging Loan is a flexible short-term finance solution generally secured against land or property. Bridging finance has evolved over the years, filling the gaps presented by the funding restrictions and liquidity shortfalls that the high street banks find themselves with. This has resulted in Bridging Loans attracting a vast number of quality lenders offering seriously competitive rates and leverage.<\/p>\n

Components to a successful bridging loan include suitable assets, acceptable use of funds, and a defined exit strategy.<\/p>\n

A bridging loan can be used at property auction purchase or acquiring unmortgageable properties,\u00a0 property refurbishment, preventing a chain break, downsizing, when a traditional mortgage is unavailable, capital raising for personal or business purposes.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″]

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\n\t\tWhy a Bridging Loan?\t<\/h2>\n\n\t\n\t\t\n<\/div>[vc_column_text]The main advantage of a bridging loan is Bridging loans are a finance service provided to\u00a0help small businesses access quick cash in a short-term contract. This helps \u2018bridge\u2019 the gap between a debt and a future influx of cash. They\u2019re most often used for buying or renovating a property, but can be used for pretty much anything depending on the loan terms.<\/p>\n

You also need to consider a Bridging Loan because it is much more accessible than other mortgages. In addition to this, they can be arranged within several days depending on the lender. This results in the client being able to readily finance their project at the first opportunity.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”75px” el_class=”norebro-phone-space”]

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Flexibility<\/h4>\n\t\t
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A bridging finance package is more flexible than any other commercial mortgage.<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>

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Interest only option<\/h4>\n\t\t
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Depending on the requirement and purchasing structure, some lenders offer a “Interest only” package. This allow you to pay the interest on a monthly basis, while the principal loan amount is merged as a part of the existing mortgage. This is immensely beneficial for businesses with limited cashflow.<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>

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Adaptability<\/h4>\n\t\t
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Bridging loans are robust and adaptable. They can be used to finance almost every business expense.<\/p>\n\t\t<\/div>\n\t<\/div>\n\n<\/div>\t\n<\/div>[\/vc_column][vc_column width=”1\/3″ el_class=”fixed-right-img”][vc_empty_space height=”54px” el_class=”norebro-phone-space”][vc_single_image image=”6324832″ img_size=”full”][\/vc_column][vc_column][vc_empty_space height=”75px” el_class=”norebro-phone-space”]

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\n\t\t\tGet in touch\t\t<\/p>\n\t\n\t\n\t

\n\t\tSee How Bridging Loans Can Help\t<\/h3>\n\n\t\n\t\t\n<\/div>[vc_empty_space height=”15px” el_class=”norebro-phone-space”]
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