A lender that looks for positive solutions, allowing their customers to maximise profits.
As experienced entrepreneurs the Iron Bridge team look to have the same mindset as their customers – determination, creativity, and the ability to solve problems. They have been lending their own funds and supporting their partners for over 13 years and are now leading specialists in mezzanine development finance. By bridging the gap between senior debt and equity within the capital stack Iron Bridge offer professional property developers a bespoke, competitively priced solution which increases their profitability.
The hugely experienced team at Iron Bridge makes it their business to fully understand each development and they aim to support each project’s unique objectives, from a quick in principle decision right through to the eventual project completion. Transparency and speed of turnaround are a given. They also offer coverage throughout England and Wales, non-compounding interest and full rate transparency.
As well as mezzanine funding up to 90% LTV (on current site value) and 100% of development costs Iron Bridge will now also look to support developers ‘on the way in’ with an acquisition bridge. They do this by providing short-term funding quickly enabling their developer clients to move fast to acquire sites. Here they will lend up to 80% LTP (Loan to Purchase Price) and the bridge can later be converted to a mezzanine position with their ‘Bridge to Mezz’ product.
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.