Bridging provides a short-term funding secured against a property to provide funding towards the purchase of another while you are waiting for one to sell. Bridging finance can also provide 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 bridging loan can be put in place relatively quickly but there is a cost consideration as given the short-term nature of the loans they can have 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.