TFG is shorthand for “The Funding Gap” and that is the gap this lender was designed to fill by providing the best bridging loans possible.
Established in 2014, TFG Capital lend to trading and property businesses as well as investors that require commercial or residential property portfolio finance. All lending is non-regulated and the team focus strongly on property secured business lending, the acquisition and refinance of buy-to-let portfolios and HMO assets, property acquisitions and conversion and development deals. Lending is based on security value and not on credit history, financials, proof of ability to service or exit.
The purpose of loan advances can be varied but, predominantly, they cover business funding, property refinancing, business debt consolidation, acquisition loans and property investment finance. TFG will also consider both on and off-balance sheet security (directors’ and 3rd party persons’ property assets are acceptable).
As well as offering flexible and competitive terms TFG pride themselves on working to extremely tight deadlines combined with a no-nonsense approach to lending that provides a level of comfort and certainty that is highly prized by introducers and borrowers. The team do not have to seek approval from lending panels or credit committees or delay their clients plans with what they refer to as a “conveyor belt of over analysis.” To deal with decision makers all you need to do is call TFG.
Key to the above autonomy is the fact that TFG is 100% privately funded. Their core values of being flexible, quick, and direct mould everything they do thereby ensuring service standards remain consistently high. TFG can look at taking additional assets, such as plant and machinery, on top of property security to make a deal work.
This compliments their short-term property secured, business lending which can be used to fund growth, aid with stock purchases or to settle HMRC debts / business creditor pressure to name but a few purposes. All in all, TFG offer a diverse and competitive funding solution based on the security offered and not ancillary factors.
Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.
Yes. Whilst not as widely available as 1st Charges some lenders will happily write 2nd charge commercial bridging loans.
Yes they can. They can be used by a huge variety of companies and by foreign nationals who can struggle to get High Street Finance.
As mentioned above they can be used for mixed use properties. To qualify for a business bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.