With every bridge loan being at least somewhat idiosyncratic, a holistic approach to risk is needed to achieve the best results.
Established in 2018, Acre Lane Capital offer a diverse range of short-term development and bridging finance products for a range of purposes, including light and heavy refurbishment, property investment, auction purchases, development exit loans and bridging out of receivership. The Acre Lane Team have huge market experience and a desire to do things in the right way. They are ethically driven and always seek to deliver on what they promise.
With a strong belief in partnerships and transparency, Acre Lane will always work to what they genuinely believe to be achievable deadlines. They place a strong emphasis on their electronic infrastructure and upon constantly refining their processes and procedures. Indeed, they are constantly striving to improve the customer experience for borrowers, brokers and all their professional partners.
Whilst Acre Lane offer both standard residential and development bridging, they are particularly well known for their range of development exit loans. These products allow borrowers to refinance their development loans at three clearly defined stages. Firstly, once the units being built are at damp-proof course (DPC) stage, secondly from a wind and watertight stage and finally from the point of practical completion. At any stage, an Acre Lane loan should enable developers to reduce their costs and at the point of practical completion will give them longer to maximise sale values. With this flexibility it’s clear to see why this range of loans is performing strongly.
A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Bridging loans can be used for a wide variety of purposes. Perhaps the most common purpose is to allow you to buy a new home or business premises before you have sold your existing property. They can also be used by investors to buy property at auction, landlords to acquire buy-to-lets, developers to acquire and renovate properties and businesses to raise working capital. There are a myriad of different uses and Bridging.com can help to find the best loan for you.
Loans generally range from £10,000 to £50M with smaller or larger amounts provided on an exceptional basis. The value and equity within the property or properties you are securing against will determine how much you can borrow. The maximum loan to value (LTV) currently offered by most lenders ranges between 65-80%
Bridging.com can help you secure a bridging loan tailored to your own unique circumstances in a matter of days. We can guide you through the entire process from initial enquiry to funds being released in the shortest possible timeframe.