BRIDGING
LOANS
DEVELOPMENT
FINANCE
AS A LEADING UK BROKER FOR BRIDGING LOANS AND DEVELOPMENT FINANCE, WE STRIVE TO DELIVER UNBEATABLE RATES, CREATIVE SOLUTIONS AND INDUSTRY LEADING CUSTOMER SERVICE.
SINCE 2004 WE HAVE BEEN TRUSTED BY PROPERTY DEVELOPERS TO HELP NAVIGATE THE FINANCIAL MAZE THAT IS THE FRAGMENTED BRIDGING LOAN AND DEVELOPMENT FINANCE MARKET.
Our hard won connections, industry knowledge, professional expertise, and entrepreneurial spirit, mean we will not rest until you achieve a financing outcome perfectly in line with your goals. We firmly believe that your success is our success, so get in touch now to see how we can help ignite your property business.
WHY SHOULD YOU USE A SPECIALIST LONDON FINANCE BROKER LIKE TIGER FINANCIAL
As a specialist finance broker, solely focused on the bridging loan and development finance sector, we assist our clients every step of the way, from initial fact find, to financial modelling, deal structuring, file submission and active management through the legal and underwriting process. We use our long experience to influence the underwriters, look ahead for problems and offer solutions where we can, ensuring you the very best chance of a successful financing outcome.
As one of the UK’s leading finance brokers, trading since 2004, our granular knowledge of the market means our clients don’t just benefit from the mainstream funding options, but also our stable of family office private lenders, real estate opportunity funds, venture capitalists and private equity funds, which you simply can’t find with a Google search.
BRIDGING LOAN USES
- Buying under value from an LPA Receiver
- Purchasing before planning permission
- Buying at auction
- Borrowing against value not purchase price
- Development and refurbishment
- Buying with a deferred consideration
- Developing an uninhabitable property
- You wish to split the title
- When conventional credit is refused
- You need working capital
- You want no monthly payments
- When you need finance fast
- Buying commercial properties
WHAT IS A BRIDGING LOAN
A bridging loan is a short-term funding solution used by professional property investors to take advantage of property deals that are outside the remit of normal mortgage funding. Funds can be available in as little as three days, and can be used to purchase, refinance, or refurbish all types of property asset class, including land. Bridging loans are useful when an asset needs to be repositioned, such as changing the class of use, amending the title, or applying for planning consent. They can also be used to acquire properties that are uninhabitable or unmortgageable, such as derelict properties or properties with defects such as damp or asbestos. Bridging loan brokers like Tiger Financial help to find a suitable bridging lender at the most competitive bridging loan rates.
WHAT IS BRIDGING FINANCE
Bridging finance is a form of short-term funding that property investors use when a normal mortgage would not be appropriate, such as when buying an uninhabitable property or one which is unmortgageable due to defects such as subsidence or Japanese Knotweed. Bridging loans are also commonly used when an asset needs to be refurbished or repositioned, such as changing from office to residential through “permitted development rights”, or when making changes to the title, such as converting one large house into flats. One of the most useful features is that bridging loans are available in a much shorter timeframe than a normal mortgage, so are particularly suitable for auction purchases, or when time is of the essence.
How to apply for finance through tiger financial:
You can apply for your bridging loan or development finance through Tiger Financial with these easy steps:
- Get in touch. Call or send us your project details and requirements.
- We will use our experience and market knowledge to get you a selection of quotes that are most suitable for your project.
- Once you choose which product/lender is right for you, we will send you the application form and a list of supporting documents that you will need to collate.
- The file is submitted, and the valuation is booked in.
- Once the valuation is received and the underwriting is complete, the loan will be passed to the legal team to prepare the documents for legal completion.
- Once the legal process is complete, the loan will complete. The average completion time is around 4 weeks, but can be as quick as 3 days for simple residential bridging with certain specialist lenders.
HOW TIGER FINANCIAL WILL HELP YOU FIND THE RIGHT BRIDGING LOANS
To complement our lender book, we also have extensive relationships with our hard-won network of family office investors, real estate investment managers, private equity and venture capital funds, that allow our property investor clients to unlock great opportunities in the real estate space both in the UK, and certain countries throughout Western Europe.
We’ve helped individuals and businesses to raise capital, auction finance & large bridging loans to finance the purchase of existing property.
CASE STUDY: HOW TIGER FINANCIAL HELPED A LONDON BASED DEVELOPER
Tiger was approached by a London based developer who wanted a London bridging loan of £5million to purchase a development site in Greenwich with outline planning consent that had an open market value of £6m. The sale was a distressed sale, so the client was under pressure to complete within 28 days.
Tiger arranged for an urgent bridging loan to allow the developer to buy the site and secure the under-value price.Once the site had been acquired, and while the land was going through the planning process, Tiger arranged a £12million stretched senior property development finance package equivalent to 90% loan to cost.
Stretched senior development finance is a hybrid senior / mezzanine financing package at much higher leverage than normal senior development finance and has the benefit of only requiring one lender, thereby streamlining the process and saving the client a considerable sum on fees and valuations.
Due to the covid pandemic, the London development had been delayed through a shortage of materials and labour. Towards the end of the development period, it became apparent that not all of the properties would be sold. To assist the developer in repaying the development finance, and to allow them to release some of the equity in the scheme, Tiger arranged for a development exit bridging loan at 75% of the full open market value of the property.
Contact Us
LET'S START THE BRIDGING FINANCE CONVERSATION
+44 (0)207 965 7261
hello@tigerfinancial.co.uk
BRIDGING LOANS LONDON
WHY USE A BRIDGING LOAN OR DEVELOPMENT FINANCE BROKER?
We save money
A broker’s job is to make sure you get the best deal possible. We will fight for your interest, negotiating hard and getting rates as low as possible, reducing lender fees wherever they can and pushing through any negatives that a lender may see with your application. Why not use our exclusive bridging loan calculator
MARKET KNOWLEDGE
In this fast-paced market, the best lender for you today may not be the best tomorrow. Every lender is different – with constantly changing credit policy and products. This is where a broker market knowledge is invaluable.
WE WORK FOR YOU
Specialist brokers are there to help you every step of the way. We’re not just for finding a lender, we want the best deal and will work with you until completion. Why don’t you check out our bridging loan comparison tool.
SAVE TIME
Dealing with your application from initial submission through to completion involves a huge amount of work. A broker manages a lot of this legwork for you, leaving you free to focus on executing your business plan and delivering a successful property project.
SAVE ON STRESS
As an experienced broker, we know exactly when the deadlines are at risk of getting too close, when people need to be pushed and when they should be left to complete tasks. When you are busy focusing on your development, the last thing you needs is to be asked for myriad pieces of information. Having seen it all before, we can pre-empt what needs to be done in good time, thereby ensuring a smooth, orderly and stress fee loan application process.
CHOOSING THE RIGHT LENDER
There are many different types of lender, but not all lenders are the same. Some ask for lots of data before they make a loan decision, some don’t; some require a personal guarantee, others are more flexible. Some lenders have a minimum or maximum loan size, geographic or asset class preference, some will only lend to experienced developers. With nearly 1000 lenders on our database, it is essential to use an experienced broker to find out which one is best for your needs!
BRIDGING LOAN CASE STUDIES
Whether you’re looking to acquire an urgent auction purchase, convert an office to residential, or develop a multi unit ground up scheme, we have seen it all. Click to view a selection of our past success stories.
WHAT OUR CLIENTS ARE SAYING
RESPONSIVE
Matthew and the team at Tiger are a pleasure to deal with. Friendly, responsive, and highly professional.
Streatham – Martin
BROKER OF CHOICE
Without question, our development finance broker of choice. Very pleased.
Carlisle – Mohammed
WITHIN THE HOUR
I pick up the phone and these guys get me bridging loan terms within the hour. Very impressive.
London