Why Choose Complex Capital
Bridging
Finance
Why Choose Complex Capital?
Complex Capital is not just your typical brokerage. We specialize in providing a bespoke service tailored to meet the specific needs of our clients. Our seasoned team are equipped with deep industry insights and an extensive network of financial institutions. We pride ourselves on our commitment to transparency, due diligence, and ensuring an efficient and seamless process.
What is a Bridging Loan?
A bridging loan is a short term loan to bridge a gap in your financing. It provides swift cash flow when funding is needed. Bridging loans come into play in various scenarios, such as buying a property before selling the existing one, covering cash flow gaps, or quickly seizing a time-sensitive investment opportunity. They offer a flexible solution to cater to unique financial situations that traditional loans may not cover. A bridging loan can last from weeks to 36 months. 1st, 2nd, 3rd or equitable charge loans are available. We can also arrange investment bridging loans in most of Europe. Please discuss your requirements with one of the team.
What Type of Security Will I Need?
For a short-term or bridging loan, the security is almost always property based. Whether it is residential, commercial or land. This can be a property you already own or the one you are planning to purchase with the loan. However, the specific security required may vary based on the loan’s nature and your circumstances.
How much will it cost me?
No two bridging loans are the same, and because of this we can structure the loan for you based on your goals.
Unlike standard lending, bridging loans rates are typically worked out on a monthly basis. They can be fixed or variable.
Because it is a monthly rate interest rates are higher than a typical mortgage. However, you may not need your bridging loan for the full duration of the loan, and most bridging lenders will only ask you to pay the interest for what you have used – not the full duration.
There are a few factors that can affect your rate.
1. How much you want to borrow
2. For how long
3. The loan to value
4. What you are planning to do to the property
5. your credit history
6. Where the property is
Unlike standard lending, bridging loans rates are typically worked out on a monthly basis. They can be fixed or variable.
Because it is a monthly rate interest rates are higher than a typical mortgage. However, you may not need your bridging loan for the full duration of the loan, and most bridging lenders will only ask you to pay the interest for what you have used – not the full duration.
There are a few factors that can affect your rate.
1. How much you want to borrow
2. For how long
3. The loan to value
4. What you are planning to do to the property
5. your credit history
6. Where the property is
What Can I Use a Bridging Loan For?
Bridging loans serve a variety of purposes, including but not limited to:
- Purchasing a new property before selling your current one
- Renovating or refurbishing a property
- Buying at auction
- Securing a property quickly
- Resolving short-term cash flow issues
- Paying tax liabilities
- Developing property
- Buying land for development
- Expanding business operations
- Settling divorce settlements
- Avoiding repossession of a property
- Funding for a new construction project
- Re-financing a development at practical completion
- Farmland
Bridging loans can provide the option to ensure your plans are not hindered. At Complex Capital, we help you understand the benefits and implications of bridging loans, guiding you every step of the way.
