Zorin Finance is a bridging lender which specialises in high-value loans for private investors or commercial property developers, with an emphasis on quality
Zorin Finance is a lender which specialises in offering bridging finance packages for high-value properties and development projects. What sets them apart from most other lenders is their 360° understanding of the property development sector; many of Zorin Finance’s staff have successfully completed their own property development projects, and use this expertise to help their clients create the perfect financial solution for their own projects.
In addition to their deep understanding of customer needs, Zorin Finance also empowers their customers through the use of a bespoke loan management platform. This access provides borrowers with all the key information they need to make informed decisions and get “hands-on” with the numbers. Giving customers this level of transparency is part of Zorin Finance’s commitment to giving customers an all-round better service than they would receive from a bank.
This commitment is further reflected in Zorin Finance’s attitude towards the terms necessary for approving a loan application. Their ability to adapt to the needs of a particular project lets their borrowers pick the loan that suits them, instead of having to meet the conditions of strict lending criteria. This combination of bespoke service, excellent terms and top-notch expertise makes Zorin Finance an attractive lender.
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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.
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. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.