Shekarrizi tells of pride after Oblix Capital completes £1.4m residential bridging loan
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Oblix Capital is a tightly-knit organisation of lending experts which offers bridging finance for a variety of investment and real estate development purposes.
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The team at Oblix Capital is comprised of highly experienced, dedicated financial professionals. Thanks to this core of lending experts, the bridging solutions on offer from Oblix Capital are second to none in their flexibility and adaptability; the lender is able to offer finance in many more situations than most lenders, thanks to their years of experience and tireless dedication to their customers.
The Oblix Capital product range includes loans for residential bridging, buy-to-let property, development finance and refurbishment projects. This makes Oblix Capital a one-stop shop for property developers and real estate investors alike; it’s possible to obtain a bespoke lending package that covers an entire project from start to finish, with payment terms tailored to the client’s individual needs. As well as offering a wide range of products, the Oblix Capital finance team is able to offer top-notch advice to customers, which allows them to refine their business goals and develop more profitable investment strategies.
Oblix Capital is a flexible lender that can adapt its products to each individual customer. As well as providing loans for residential and investment properties, Oblix Capital provides loans for commercial and semi-commercial premises, enabling them to lend to an exceptionally diverse number of clients.
Your key contacts at Oblix Capital
Oblix Capital
3rd Floor,
The Place,
175 High Holborn,
London,
WC1V 7AA
+44 207 495 1927
oblixcapital.com
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.
Bridging loans can be used for a wide variety of purposes. Perhaps the most common purpose is to allow you to buy a new home or business premises before you have sold your existing property. They can also be used by investors to buy property at auction, landlords to acquire buy-to-lets, developers to acquire and renovate properties and businesses to raise working capital. There are a myriad of different uses and Bridging.com can help to find the best loan for you.
In general most bridging loans will fall between 0.5% and 1.5% per month although occasionally they can be either slightly cheaper or slightly more expensive. Each loan is priced on risk with particular attention paid to the property, its location and the strength of your exit strategy.
Loans generally range from £10,000 to £50M with smaller or larger amounts provided on an exceptional basis. The value and equity within the property or properties you are securing against will determine how much you can borrow. The maximum loan to value (LTV) currently offered by most lenders ranges between 65-80%
Many lenders can agree terms in hours and funds can be in place in days rather than weeks. Average completion times with some lenders can be in the range of just 7-14 days. When you require speed to take advantage of a time-limited opportunity Bridging.com can help you to find the best lender for your unique circumstances.
Bridging.com can help you secure a bridging loan tailored to your own unique circumstances in a matter of days. We can guide you through the entire process from initial enquiry to funds being released in the shortest possible timeframe.