Bridging finance is a short-term loan that is used to bridge the gap between the purchase of a property and the sale of an existing property. Bridging finance can also provide the funding needed to buy a property at auction, pay for any renovations to be done or acquire land for development. It can also be used to provide funding for business purposes. Generally speaking, a bridging loan can be put in place relatively quickly but there is a cost consideration, as given the short-term nature of the loan they often have a higher interest rate as well arrangement and exit fees.
What can you expect from Prydis?
Despite being a relatively new way to borrow, there are already a dizzying number of peer-to-peer lenders on the market. Some specialise in specific sectors, others are flexible – and all have their own specific set of lending criteria and repayment terms. It’s important to consider your options carefully to find the best package for your business.
That’s where we can help.
We have helped numerous businesses secure millions of pounds in recent years. We know what lenders look for and can advocate for your business on your behalf. Best of all our unique blend of in-house expertise in commercial finance consultancy, law, wealth management and accountancy means we can take a holistic view of your company and offer advice that’s rooted in your strategic challenges and ambitions as a business.
If you are looking to apply for a bridging finance – please fill in the form to give us as much information as possible – one of our team will then be in touch.