Beginning life as an idea to solve a problem, this lender has now grown into a real business providing real solutions.
The team at Propfin have been developing property in the UK for over 40 years. They have designed and built many types of property, seen, and overcome most of the challenge’s property developers face and understand better than most how to deliver successful projects year in year out. It is this background and insight that means they can be a uniquely qualified financing partner within the UK property development community.
Focussed on first charge, unregulated lending in London and the South East, Propfin offer standard short-term bridging deals in addition to development finance; both with a primary focus on residential property. As a team they work with high quality professional partners and have exclusive panels of both valuers and lawyers primed and ready to act immediately upon instruction.
Having worked in finance and property for many decades the Propfin team understand the need to marry a strong technological skill set with a human approach. By doing so they fully appreciate the complexity of each lending situation and deliver the best solutions. They work tirelessly to build new relationships and of course bring the power of existing relationships to their platform to offer every single borrower the quality of service they deserve. Ultimately, they are always looking to build new long-term relationships with new business partners.
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.