Bridging finance generally involves lending to a borrower on a ‘short term’ basis. Each deal is assessed individually and terms are offered on a case by case basis.
Soho Corporate terms vary dependant on the specifics of each individual case:
•First and second charge lending
•Interest rates from 0.75% (typically 1.25%) per month
•Typically 65-70% LTV (Up to 100% in some cases)
•Whole of UK, inc Scotland
•Land and development funding available
•Loan size from £30k to £20m
Most security considered, including residential and commercial.
Bridging finance can be used to buy a property quickly, or for debt restructuring or simply capital raising.