Specialists in providing finance for pubs, Ortus Secured Finance are fast and flexible lender providing bespoke financial solutions to meet a variety of needs
It’s important for lenders in the bridging finance sector to have a specialist focus, a certain set of customers to which they can pitch their products. Ortus Secured Finance are specialists in handling finances for pub purchases, both freehold and leasehold, and work to develop financial solutions for publicans who wish to expand.
Having a deep understanding of how this sector works is vital for lenders, and provides borrowers with the ability to source finance from someone who really understands their needs. Many lenders won’t finance pub purchases, or won’t fully appreciate the requirements of owning and running a pub. This makes Ortus Secured Finance ideally suited to meet their customer’s needs, and perfectly placed to exceed their expectations.
In addition to pub finance products, Ortus Secured Finance also provides loans for high-end buy-to-let properties. These are typically properties that occupy premium postcodes and exceed £1M in value (with loans available up to £5M). Loans for these properties are flexible, and Ortus Secured Finance provides bespoke lending terms to meet the needs of each one of their clients. This is part of what makes Ortus’ products so valuable, their ability to adapt to the specific requirements of each client so that they can jump-start their projects.
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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.