“The bridging industry has grown rapidly … The mainstream market looks turgid [i.e. swollen]“
(Mortgage Strategy, Jan 2012)
Whether you need £50,000 for your project or £25 Million, we understand that bridging projects almost always require one thing:
For the most part, mainstream lenders do not compete with short-term financiers when someone needs money quickly or when the project is “funky and the banks don’t want it” (as one of our bridging funders said to us!)
It is our job to quickly know who to discuss your project with because multiple funders may have an appetite for it but the monthly cost could make your project unprofitable with bridging (or commercial) finance. If speed is more important to you, we may to have to secure your funding with a more expensive lender as there is often a premium to pay for a lender being nimble, so to speak.
It is our ability to quickly grasp your project’s requirements and to know the lenders that are actively looking for your type of project, that we believe helps us serve you best. The sources of bridging money are usually much smaller than for residential and buy-to-let lending; that’s why knowing the likelihood of securing your money very early on in the process is vital.
That’s what we can do for you at Opening Doors Finance.
You can contact us by telephone or email or by clicking this link for Financial Advice or Mortgage Advice.