The Complete Guide To Bridging Loans, Finance and Funding Options
At Hunter Finance, we understand that the property investment market is not always as straightforward as it could be.
As independent lenders, we understand the importance of understanding how it all works in order for you to successfully complete your development project.
We want to make the process of obtaining finance for your development, as simple and stress-free as possible.
Bridging loans at Hunter Finance is quick, easy and straightforward, and we lend from £100k to £1million.
A rapidly-arranged bridging loan can make the difference between a sealed deal and a lost opportunity.
Call 01825 749721 to discuss your eligibility for a loan today.
With over 10 years of experience in lending our own money, Hunter Finance is equipped with the skills and expertise that allows us to make rapid decisions, which can be made in under 48 hours.
We offer privately-funded bridging loans to help property developers stay on top of their development plans even when cash flow becomes an issue.
Hunter Finance never discriminates against the size of your company or project, we’ve worked with property developers ranging in experience from first-time developers to commercial projects.
Our expertise in the field, combined with the fact that no brokers or middlemen are involved, gives us the ability to make snap decisions that do not further delay your plans – unlike banks or other mainstream lenders. Recent residential & commercial projects.
We have a wide range of clients working on projects of all sizes from small scale residential developments to larger commercial enterprises.
Bridging loans are a short-term finance loan that provides a solution for homeowners and builders to bridge a funding gap.
These are often used in circumstances when a project has come to an end, or the development loan is about to finish.
Here the developer requires an extended finance loan to ensure their build makes it to completion and sale.
Usually, bridging loans have minimum terns, which can be anywhere from one to three months.
The loan can be repaid after this period, however, this often incurs additional charges.
Each bridging loan will require an achievable exit strategy that has been agreed upon with the lender. Processes may include:
We offer short-term funding options.
Different lenders cover different percentages of costs. Here, at Hunter Finance, we supply up to 60% of the land purchase price and in some instances are able to offer 100% to cover building costs.
We offer loans that range from £100k – £2.5million, with new lower rates for £1 million+ transactions and 6 -12-month terms.
“We have found securing a competitive facility with Hunter Finance a refreshingly straightforward and easy arrangement and would not hesitate in recommending them to other London developers.”
“Highly impressed by their honest approach to doing business, and following through on their promises.”
“I have used Hunter Finance on a number of occasions. They have always provided a no-nonsense, hassle-free, first-class service.”
“We don’t believe there’s a faster decision-making process than Hunters.”
“I will only use Hunter Finance in future – no one else compared.”
“My experience of working with Hunters has been very successful. Their approach is very professional and flexible. They are not like a high street bank, (thank goodness) but individuals who accept that we are the customer. Old fashion values.”
“Although I have experience in developing property, I am developing property for the first time only in my name. Hunter finance has not only assisted and helped me through the project but has given me critical support through the difficult times. This crucial support has allowed me to achieve success in my first development. The team including their bank monitor are approachable and supportive as they wish for us the developers to be successful. I owe a lot of my success to them.”
“We have used Hunters services for our development of 8 new build houses and have been very pleased with the service provided. We have found the company to be not only very professional but responsive when needs arise. Issues or questions are dealt with by people with whom we have built a relationship with not a department. We intend to continue using Hunter Finance on a long term basis and would, and have recommended them to other developers.”
“We have successfully come to the end of a development of 3 new build houses, and Hunter Finance has been with us all the way. It was a much-delayed start, but with them having done their due diligence at the outset, their support in getting it off the ground was never in doubt (whereas a Bank would doubtless have had changes of policy and personnel during that time). Things never go entirely to plan, but they always looked for solutions with us. Because property development finance is all they do, they are very good at it. E.g. they always release each stage’s funds the same day as the valuation surveyors’ report, helping cash flow.”
“I have used Hunter Finance for 2 developments in the past 18 months and on both occasions have been very pleased with the service they provide. The whole process of arranging the funding, dealing with the legal process, and drawing funds are dealt with quickly and professionally. The whole team is a pleasure to deal with and I would not hesitate to recommend them.”
“The best development finance around, very understanding and helpful.”
If we can help we will say so, if we can’t we will be able to point you in the right direction or suggest alternative financial vehicles.
"We have found securing a competitive facility with Hunter Finance a refreshingly straightforward a Read more
"Highly impressed by their honest approach to doing business, and following through on their promis Read more
"I have used Hunter Finance on a number of occasions. They have always provided a no-nonsense, hass Read more