Bridging Finance
Source quick bridging development finance in Ireland
* Property Bridges are only regulated to lend to registered companies, not individuals
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Bridging Finance
Bridging finance is short term property backed finance. Bridging finance allows you to fund a project for a certain amount of time while allowing you to either refinance or sell your property.
We provide bridging finance up to a maximum of 70% LTV. Residential, semi-commercial and commercial properties and land are all considered. Interest is paid on money drawn with flexible terms to suit the project.
HEADLINE TERMS
• Loan Term 3 -24 months
• From 0.75% per month
• LTV up to 70%
• Arrangement fees of 3% on deals over €1m and 4% on deals less than €1m
Bridging Development Finance
Bridging finance is a short term property backed finance. Bridging finance allows you to fund a project for a certain amount of time while allowing you to either refinance or sell your property.
We provide bridging finance up to a maximum of 70% LTV. Residential, semi-commercial and commercial properties and land are all considered. Interest is paid on money drawn with flexible terms to suit the project
HEADLINE TERMS
• Loan Term 3 -24 months
• From 0.75% per month
• LTV up to 70%
• Arrangement fees of 3% on deals over €1m and 4% on deals less than €1m
Lending Criteria
Lending to an SPV
Defined Exit Strategy
Clean Title, with the Ability to take
First Charge Security
Lending Criteria
Lending to an SPV
Defined Exit Strategy
Clean Title, with the Ability to take First Charge Security
Get a Quote
Receive a quote within 48 hours!
Case Study: Dunboyne, Co. Meath
This bridging loan assisted our client to acquire a property consisting of 16 units and then renovate it as the borrower had pre-agreed to sell to an Approved Housing Body, Co-Operative Housing Ireland. The Borrower funded the refurbishment costs from its own equity.
The Property consisted of 16 units that were partially completed with the original construction having commenced in circa 2004 consisting of 14 residential units and 2 retail units. The borrower fully completed the 16 units in order to be certified as compliant with current planning and building regulations.
The bridging loan had a maximum term of 12 months and a minimum interest period of 3 months. This meant that lenders received at least 3 months’ worth of interest payment even if the Property sold early and the loan was repaid before the expiry of the 12-month term.
Loan Overview
- Facility Amount of €750,000
- Total Site Value of €1,960,000
- An interest Rate of 7% per annum and rolled up for 12 months
- Acquisition of the Property
- LTV of 38%
- The repayment will come from sale to an Approved Housing Body
Looking for other options?
Residential Development Finance
Development finance loans from €500,000 to €10,000,000 nationwide. Interest is charged on drawdown and loans are flexible with interest rolled up into a bullet payment on completion.
Commercial Finance
We provide commercial loans to businesses of all types. Loans can fund asset acquisition, business expansion or financial restructuring. Rates are flexible and decision making is first.