Apex Bridging are a specialist property development lender, and offer competitive rates, flexible terms and expert advice to property investors and developers.
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Bridging finance is an indispensable tool for property developers, as it allows them to secure investment properties without needing to take out mortgages; a good bridging lender can provide secure funds quickly and reliably to meet many different needs, and this is where Apex Bridging excel. Their ability to meet the needs of many different clients throughout the property development sector demonstrates their expertise and experience, and shows the impact that a professional attitude and positive approach can have.
Where Apex Bridging really shines is in their attention to detail when creating products; they don’t subscribe to the “tick-box mentality” so prevalent amongst lenders, instead choosing to identify their clients’ needs and design financial solutions to meet them. This ensures that the range of loans on offer from Apex Bridging are suitable for a wide variety of property developers, and give them the tools they need to build their businesses.
Apex are a flexible lender, and offer loans for both domestic and investment purposes, and boast many success stories from borrowers; some have seen substantial growth in their own property portfolio, while others have used bridging finance to secure unmortgageable property. Clearly, Apex Bridging helps businesses to grow, and provides powerful financial tools to do so.
Your key contacts at Apex Bridging
Apex Bridging
Apex Bridging
First Floor
2 The Cornerstone
Market Place
Kegworth
DE74 2EE
01509 345 007
apexbridging.co.uk
A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Development finance can be offered against both residential and commercial property. Development loans are designed to help developers fund refurbishments, renovations, or conversions of existing property or to build brand new properties on a ground-up basis.
Development finance can be used for new build projects, commercial and residential developments, renovations, conversions or for the redevelopment of existing properties. Loans can be used for a vast range of different property types.
By assessing how extensive the project is, how long it is likely to take and how much it is likely to cost in a worst and indeed a best-case scenario. Refurbishment bridging loans will cover a majority of light and heavy refurbishment projects but for more extensive development projects including ground-up builds of one or indeed multiple units, development finance can potentially cover both the land purchase and build costs
Loans generally range from £25,000 to many millions depending on the size and complexity of the planned development. The amount that can be borrowed depends on the strength of the development proposition, the location, the potential profits, the perceived risks and of course ultimately on the lenders risk appetite.
Yes. Rates are generally a little higher for development finance which reflects the greater complexity and slightly higher risk associated with this form of lending.
Experienced developers, some of whom rent out completed properties, often use property they already own within their portfolio to secure lending. With enough equity in an existing portfolio finance can be secured to buy more properties or land for future projects.