Finance

Bridging Finance

Short-term funding solutions

Developers frequently use a ‘bridge’ to navigate planning (before moving onto a longer-term debt facility). A bridging loan can also be used at the end of a scheme to complete final works before a property is refinanced or sold.

Timing is often the key factor when it comes to arranging a bridge, so knowing which lenders to pair with each scheme is a vital decision that J3 are trusted to get right.

We save our clients significant time as they do not need to deal with the minutia. We provide them with the peace of mind that all the important parts of the deal will be dealt with by the J3 Advisory team on their behalf.

 

Key Features of J3 Advisory’s Bridging Finance Solutions

  • No minimum or maximum loan amount

  • Competitive interest rates

  • Up to 80% LTV (100% with extra security)

  • No minimum term

  • 1st & 2nd charge

  • Access regulated and unregulated bridging lenders

Bridging Finance : Case Study

J3 had a client with a large amount of equity in a current scheme, that was also coming to the end of its funding facility.

The client was looking for a short term funding solution that would allow him to complete this project in his own time, selling at the right price and giving him flexibility to take action on other sites that were available.

The project comprised of 22 apartments, with a GDV of £8.2m with a current debt of £3.6m

  • Facility arranged: £5.3m
  • LTV: 65%
  • Rate: 0.65% per month

J3 delivered a finish and exit product that allowed the developer to repay their existing debt, continue to fund the final stages of construction and also meant the developer wasn’t under pressure to sell the units. The client then used their excess equity within the scheme to go out and purchase his next site.


J3 Structured Property Finance

Bridging Finance

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Development Finance

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Buy to Let Portfolio Lending

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Care & Nursing Home Finance

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