Details.
Short-term property-secured funding for property purchases, development projects, renovations, commercial expansions, operational expenses and temporary cash-flow gaps. Loan terms are customised according to borrowing capacity, loan-to-value ratios, repayment timelines and secured collateral. The loan is typically available for up to a maximum 2-year term and may have a first or second charge against the property. Funding assessment is based on the property and exit strategy. No monthly repayments may be available with a retained bridging loan. The typical cost is around 0.80 to 1% per month, dependent on the property. The application and approval process is streamlined, with funding available within a few hours in some cases and on average within 2 to 3 working days, depending on the finance option.