Hope Capital are a highly flexible principal lender, and are able to meet the many different requirements of clients who require bridging finance.
Within the crowded bridging finance marketplace, it takes special attention to detail to really stand out from the crowd, and Hope Capital achieve this by providing fully adaptable finance solutions for a variety of needs. As a family-run business purely funded by private money, they are able to exert complete control over the terms of every deal; there’s no long back-and-forth discussions or red tape. When applicants contact Hope Capital, they’ll be speaking directly with a decision maker, which is increasingly rare in the world of bridging finance and helps ensure that projects can move forward quickly and without delay.
The applications which Hope Capital provides finance for are nearly endless; though they require a first-charge security for their loans, they are able to meet nearly any challenge. They’ve successfully bailed out property developers at the last minute to save long-term projects from collapse, helped their borrowers take advantage of debt forgiveness packages from other financiers and picked up the ball when other bridging lenders have let down their customers. This highlights the flexible attitude and adaptive nature of Hope Capital, and represents what they offer to borrowers; a lender which can solve their financial problems.
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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.
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.
Many lenders can agree terms in hours and funds can be in place in days rather than weeks. Average completion times with some lenders can be in the range of just 7-14 days. When you require speed to take advantage of a time-limited opportunity Bridging.com can help you to find the best lender for your unique circumstances.
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.