A development bridging loan or development finance is a type of short-term financing designed to help property developers cover the costs of a project while they await longer-term funding . This type of loan provides borrowers who need immediate funding to start or continue a development project until the eventual source of permanent financing.
LTV up to 70%
LTV up to 75%
LTV up to 75%
LTV up to 80%
Development bridging loans are primarily used by property developers to finance various stages of a development project. These projects can include residential, commercial, or mixed-use properties. The funds from the loan can be used for land acquisition, construction costs, renovation expenses, or any other development-related expenses until permanent finance is secured.
These loans are typically used in property development projects where there is a need for quick access to funds for things like purchasing land, financing construction costs, or covering other expenses related to the project.
Bridging loans are short-term loans, usually ranging from a few months to a couple of years.
One of the primary advantages of development bridging loans is their speed of approval and access to funds.
Development bridging loans are secured against the property being developed or other assets owned by the borrower.
Development finance can be particularly useful in situations where traditional financing is not available
Developers often use bridging loans to quickly acquire properties. This can include purchasing residential homes, commercial buildings, or undeveloped land.
Development finance or development bridging loans are frequently utilised to finance property development and construction projects.
Used by property investors to capitalize on investment opportunities. This can include purchasing distressed properties, acquiring properties at auction, or taking advantage of time-sensitive deals.
A development bridging loan serves as a lifeline for you or your business when traditional funding sources are unavailable
A common misconception is that bridging loans are only used when purchasing property at auctions or when buying a new property before you have sold our existing one. Whilst they can be used for these pruposes, they can also be utilised in other scenarios too, including when tradtional mortgages aren’t suitable or when a business has been suffering financial difficulties and their existing lendor will not lend any more funds.
Choose Bluecroft Finance for your bridging loan and experience unparalleled speed, flexibility, and accessibility. We provide quick approval and funding, tailored to meet the needs of unique circumstances. Whether you’re a property developer, investor, or business owner, our transparent rates and terms ensure clarity and peace of mind.
When time is of the essence
We’ll guide you through the process
An alternative to traditional lending
To help you when you need it most
Bridging finance offers speed, flexibility, and accessibility, making it a powerful tool for individuals and businesses alike. With quick approval processes and tailored repayment options, bridging loans are ideal for urgent financial needs such as property purchases or temporary cash flow issues – get in touch with Bluecroft and we’ll be in touch to help you unlock your funding today.
