Bridging Finance is a way for property developers to use a house or land as a bridge and release equity. This type of financing is most commonly used by companies to fulfil short-term working capital needs.
Funding11 does not require perfect credit for bridging finance. However, any applicant for this type of finance will need a clear exit strategy, as no lender will lend the money if there is no clear way for it to be paid back.
The property on which we can secure bridging finance can be residential, buy-to-let, semi-commercial or fully commercial.
Bridging finance often is a short-term way of raising funds. The best way to think about bridging finance is as a temporary arrangement that helps you get where you want to go until you are either able to pay back the money or secure more permanent finance. It’s why it’s called bridging finance.
The reality is that bridging finance can be in your account much faster than more conventional alternatives. Lenders can take weeks to complete term loans, but out bridging finance can be ready within as little as 5 business days.