Bridging loan is for those who have a property opportunity and needs funds to be accessible at short notice.
In the event that you have a property opportunity that obliges assets to be accessible at short notice, then a crossing over advance or spanning account could be for you. Maybe you want to purchase at sale, or need to finish inside a week or two to lock in a concession from a vendor?
Perhaps you have secured an underestimate buy through smart negotiation, or found a deal through antiquated great luck? If this sounds common, then a bridging loan could be the right response for you and your business.
Let’s take a look on the Business Finance checklist:
- Do you want to lift funds up in a couple days?
- Do you need to bid for an underestimated or auction property?
- Do you need to upgrade or restore a property?
- Do you have no accounts records or confirmation of pay?
- Did a current home loan offer get pulled?
- Do you have to pay off unpaid debts?
- Do you have a short-term cash flow issue?
- Do you require a deposit to secure another property investment?
- Are you in a broken residential chain?
- Do you require a bridging loan?
Not at all like numerous other bridging finance providers,, we can organize a bridging loan based upon the open market estimation of the property –NOT the purchase price tag. This implies in specific conditions, you could also get 100% of the funds that you require for your property investment.
Not like many of the other bridging lenders, when you pertain for your bridging loan with Tiger Bridging, you no longer need to stress over credit checks or providing bank statements or Inland Revenue papers. Actually, you needn’t require any proof of income. Every one of the loans that we assemble are totally NON STATUS – with no affordability checks or credit checks, for the choice to lend based absolutely upon three variables: the strength of the asset/fund, the strength of the borrower and how the loan is to be reimbursed
Since we are also in business, we comprehend that income and affordability is not generally the way to achievement. We are keen on your venture, your experience and your loan exit – that is it!
On the other hand, at Tiger Bridging, we are looking forward to the future. Our funding lines are open and we prepared to work together!