With a unique and fresh approach to lending this Birmingham based property finance company offer short-term bridging loans and development finance.
The team at BiG Property Finance are experienced financial specialists who provide property owners, investors and developers with a diverse range of short-term bridging loans. Owned and funded by high-net-worth (HNW) individuals, BiG Property Finance have the autonomy to make all lending decisions quickly in house and have lent on construction projects and property purchases right across the UK.
When BiG make an offer, funds have already been allocated to the proposed loan and the team are uniquely positioned to understand the needs of their borrowers and the issues that can arise in buying, refurbishing, developing, selling and refinancing property because they have experienced these issues first-hand. This experience means they can offer advice and support thereby adding real value to every customer’s project.
Given the above it would be fair to say that complex transactions don’t frighten the team, far from it – they embrace the challenge! Products include residential and commercial bridging loans, development finance and joint venture financing. This last product enables borrowers to share risks and costs, gives them increased access to the BiG team’s pool of expertise, increases their capacity and can even offer access to new markets and distribution networks. Excellent customer service is a hallmark, as is a strong commitment to provide their introducers with equally market leading service. Little surprise then that BiG enjoy large volumes of repeat and referral business.
Your key contacts at BiG Property Finance
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.