Founded in 2016 ASK is a specialist, independent property funder that provides large, bespoke and flexible finance deals across England.
A fully flexible capital base enables ASK to fund across the capital structure from short term debt finance through to joint venture equity. The team appreciate that every single transaction is unique, and they pride themselves on creating individually tailored funding solutions for each and every client. They look to work with experienced partners on transactions which deliver opportunities to enhance value, be this in the commercial or residential sectors.
Historic transactions have ranged from asset management opportunities to comprehensive land assembly projects. Senior and mezzanine loans are typically used for acquisition and planning deals, pure planning deals, refinances, asset repositioning and development exit. Crucially, whatever the type of transaction, they are all underwritten by ASK and its cornerstone investor. Furthermore, the team has built a network of institutional partners, independent family offices and high net worth investors, who together provide an increasingly diverse and truly unique funding pool.
Experienced, innovative, and focussed, the ASK team has vast experience writing real estate transactions to a value of over £3bn across their careers. They are property people and thrive on the challenge of larger deals. With a typical deal size of around £20M they deal in quantum’s that many lenders will shy away from. Authorised and regulated by the FCA the ASK team deal right across England but with a particularly strong focus on London.
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%
In general most bridging loans will fall between 0.5% and 1.5% per month although occasionally they can be either slightly cheaper or slightly more expensive. Each loan is priced on risk with particular attention paid to the property, its location and the strength of your exit strategy.