Albatross Capital are bridging finance specialists who provide developers and entrepreneurs with quick, simple access to a variety of bespoke finance solutions.
Launched in April 2020, Albatross Capital offer specialised lending throughout the United Kingdom with a personal and flexible approach to meeting their borrower’s requirements. Whilst the company is new the team at Albatross have huge experience with many years of experience in both the financial and property markets.
They offer a number of funding and loan packages with a particular emphasis on non-regulated bridging, VAT bridging, auction, finish and exit, refurbishment and development loans. A strong field presence with experienced business development managers enables Albatross to offer a genuinely localised service, albeit one with a national reach. Clients benefit from an early face-to face meeting and thereafter enjoy fast and efficient internal case management that ensures service is seamless from the initial enquiry right through to completion.
Offering non-regulated loans for both residential and commercial property and for property developments, Albatross strive to offer their clients a loan decision within 24 hours. They then work closely with high quality professional partners such as solicitors and surveyors, to deliver loan completions in as little as 5 days. For development loans they will also support clients in site purchase, initial funding to start building works and then the ongoing release of funds throughout the project. Using their extensive knowledge the team at Albatross are well placed to tailor finance packages to the unique requirements of each and every borrower.
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.
Development finance can be offered against both residential and commercial property. Development loans are designed to help developers fund refurbishments, renovations, or conversions of existing property or to build brand new properties on a ground-up basis.
Development finance can be used for new build projects, commercial and residential developments, renovations, conversions or for the redevelopment of existing properties. Loans can be used for a vast range of different property types.
By assessing how extensive the project is, how long it is likely to take and how much it is likely to cost in a worst and indeed a best-case scenario. Refurbishment bridging loans will cover a majority of light and heavy refurbishment projects but for more extensive development projects including ground-up builds of one or indeed multiple units, development finance can potentially cover both the land purchase and build costs
A development scheme is usually classed as finished when the developer has received the Practical Completion Certificates.