Pure Bridging are principal lenders who provide high-value loans for a variety of client requirements, mostly targeted to property investment and development
A flexible case-by-case basis is what many lenders promise, but few can truly deliver. Pure Bridging, as the name suggests, is fully committed to providing the very best in bridging finance, and they do this by creating truly adaptable financial solutions which can be tailored to suit any client’s circumstances. The true power of bridging finance comes from the flexible nature of the product, which is only constrained by the lender themselves, and with Pure Bridging clients are given truly bespoke loan terms specifically tailored to their needs.
Pure Bridging understands that what can really make a project viable is the speed at which finance is provided; whoever is able to put their funds in place first is more often than not the one to secure a contract, so a lender that can move quickly and reliably is indispensable. Pure Bridging emphasise their ability to provide decisions quickly and clearly, and are also able to liaise with clients to develop a loan structure that suits their business objectives.
By focussing primarily on the provision of loans for commercial customers, Pure Bridging has been able to develop the expertise and experience necessary to provide outstanding service in a crowded marketplace.
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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.