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Bridging Loan for Property Development

Bridging Loan for Property Development

Loan Terms

Our real-world property development finance knowledge and experience sets us apart. Learn more about our bridging loans for property development.

For more information or to receive an immediate AIP please contact the team:

0207 100 8787

lendingteam@glenhawk.com

  • Interest Rate
    From 0.79% Per Month
  • Min - Max Loan
    £300,000 - £3,000,000
  • Max Loan to Value
    75%
  • Term
    3 to 18 Months
  • Arrangement Fee
    0.75% - 2%
  • Early redemption Fee
    Never
  • Admin Fee
    No
  • Exit Fee
    No

About our loans

Bridging Loan for Property Development

 

Get access to funds immediately, for any size of project – from one-off property conversions to multi-plot housing developments.

Let’s talk about your next development.

Speak to the lending team today: 0207 100 8787

 

Property Development Loans from Glenhawk

 

Our real-world property development loan knowledge and experience sets us apart.

The world of property development is fast-paced. No matter if it’s a small-scale property conversion or a large development operation, immediate access to funds is a must to get your project in motion. Securing land and property can be time-sensitive: and without the appropriate financing available at your fingertips, things can unravel into chaos quickly.

All the planning, regulations and meticulous preparation count for nothing if you can’t access funds in time. We help change that.

Bridging loans for property development can turn your situation around quickly and with Glenhawk, we lend up to £5,000,000 to help get your development on time and on budget.

 

Bridging Finance For Property Development

 

A Bridging loan for property development offers a unique solution for developers looking to expand on a new opportunity or venture.

They offer you a real chance to get funding for a new property development project right when you need it. Bridging loan applications can be turned around quickly, bridging the gap between incoming funds and breaking ground on a new development.

Unlike many other forms of finance, bridge loans are designed to cover the gap between longer term lending options or to cover a short period of time until the borrower has sufficient funds to pay off the loan altogether. For example, many people use bridging finance to cover the period between the purchase of a new home and the selling of their current home. This can provide the freedom of knowing you aren’t reliant on a property chain, as well as ensuring you don’t miss out on a the property that you’ve set your heart on.

Another popular reason for choosing bridging finance is as property development loans. A bridging loan for property development can be used to invest in a great opportunity to undertake a building project, or a refurbishment opportunity. With the necessary finance in place, you can invest in the property or land you want, transform it in your image and then make a profit by selling it on or letting it out to tenants.

 

Property Development Loan

Development loans give you the chance to take a significant step forward in your residential or commercial ambitions. While more traditional finance methods such as long-term mortgages can take weeks or even months to process and they are not designed to provide room for an investment in remedial or renovation work. However, bridging finance is designed to give you access to funding quickly, within a matter of days. This makes it possible for you to take advantage of property opportunities found through other routes such as auctions, where property sales are required to be processed much more quickly.

It’s important to do your research when it comes to finding the bridging loan to suit you. There are many different options out there. Bridging loan rates can differ depending on the lender you choose, so you’ll need to find a lender who fits your exact requirements for property development. For example, here at Glenhawk our bridging loan interest rates start from as low as 0.79% per month.

The size of your development doesn’t matter. Glenhawk offers bridging loans for property developers that range from £300,000 to £5,000,000.

 

Securing Bridging Finance for Land Development

Whether you’re developing a plot of land into a new community, building a tower block or transforming an old barn as an investment, we can help you bring your vision to life.

We understand that the world of land development can be fast moving and unpredictable in terms of available opportunity, so when one comes along you need to take advantage of it. Like property development loans, bridging finance can also be used to realise your goals of developing a plot of land, no matter what your intentions are. This short-term finance can be used to purchase or refinance land quickly. It may be that you need bridging finance while waiting for planning permission to be obtained, or perhaps you simply to release short term funds. Whatever your reasons for it, bridging finance for land development is a viable option for many budding developers, and Glenhawk can help you do it.

How Do Bridging Loans Work?

 

How does a bridging loan for property development work? There’s nothing complicated to it really; it’s just a simple, short-term loan that covers your development costs and purchase – covering the first steps of financing a project.

Bridge finance is designed to be both fast and flexible. It allows you to explore options that are a little unorthodox or unsuitable for mortgage providers, such as auction property purchases. Being able to access funds within as little as 24 hours can also be crucial for buyers looking to take advantage of a small window of opportunity.

There are two kinds of bridging loans, open and closed. You can also apply for bridging finance for a variety of reasons, including a bridging loan for property development. Development loans can help to cover the costs of a property purchase in the short-term so that you can make a significant profit on it in the long term.

For example, if you’ve secured investment capital for your development, but the date of capital release puts your development project back, a bridging loan can help get things started sooner.

 

Buy To Let Bridging Loans

 

Or, if you have a buy to let mortgage in progress but the process is taking too long, a bridging loan can tide you over until your mortgage comes through – meaning you can expand your portfolio right away.

This is a great option for both existing and new landlords who hope to make a profit on a property purchase by letting it out to tenants. Collecting tenant rents can also act as a reliable way of repaying your own in instalments after you’ve used it to make your initial purchase. Your bridge loan can simply help you get to the point you need to be at in order to start making a long-term profit.

Bridging Loan Rates

 

Our bridging loan rates for property developers start at just 0.79% per month and can be taken out over a period of up to 12 months.

Are you ready to take your property visions from your imagination and bring them into reality? Then let’s talk – just give our friendly, knowledgeable team a call today, or get a quote online right now. We’ll work together, and help you to secure the finances you need to break ground on your next development.

 

PROPERTY DEVELOPMENT BRIDGE TERMS

 

Interest Rate from 0.79% Per Month
Max Loan £3,000,000
Minimum Loan £300,000
Max Loan to GDV 70%
Term 3 – 18 Months
Broker fee 2%
Early redemption Fee Never
Admin fee No
Case Study
"We were able to leverage against the day one value and fund both the acquisition and all the build costs required to turn this doctor surgery into three residential units so our client was able to free up his cashflow and purchase a second site."
Doctors Surgery, Peckham, London
Term: 6 months | Rate: 0.69% pm | Application Time: 10 weeks