Bishopsgate Funding is well known for providing a full range of fast, adaptable bridging finance for investment, speculation, development and construction.
The team at Bishopsgate Funding is dedicated to providing fast, adaptable finance solutions for developers, investors, speculators and builders. They know that a truly personal solution is the only way to guarantee customer satisfaction, so they make sure they always provide a fully bespoke service.
As a long-established principal lender they have the flexibility to offer terms that suit all of their customers. They’re never tied up in red tape, so their customers know they’ll always get a fast, reliable service when they call them. Bishopsgate Funding’s decisions are fast and firm, and they offer immediate decisions for development finance enquiries.
If you haven’t worked with Bishopsgate Funding before, you can still benefit from their emphasis on quick decisions and adaptable lending. They treat each customer individually, ensuring that their needs and that of their project are fulfilled in every respect. Decisions are made on a case-by-case basis, not credit score, so all borrowers can get the funding they need.
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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
Loans generally range from £25,000 to many millions depending on the size and complexity of the planned development. The amount that can be borrowed depends on the strength of the development proposition, the location, the potential profits, the perceived risks and of course ultimately on the lenders risk appetite.