Bridging Finance launches new brands
By Bridging Loan Directory -
Bridging Finance, the short-term commercial and residential property lender, has launched a new brand aimed at investors looking to snap up bargains according to BusinessDesk.com.
The Manchester-based company, part of Jerrold Holdings, says its new brand, propertyinvestorloans.co.uk, will offer rapid loans of between £30,000 and £3m. It says it has £30m to lend to investors in need of rapid funding.
Bridging Finance managing director Chris Baguley said:
“The biggest misconception about our business is that we’re lending to first-time buyers who need a bridging loan because the bank has let them down.
“We’ve launched propertyinvestor loans to reach out to property professionals who want to take advantage of investment opportunities that arise and to give us more clarity on where we operate in the market.”
He said another new brand, aimed at providing cash flow funding for SMEs will be launched soon too.
“Both propertyinvestor loans and the cash flow facility product are complementary to Bridging Finance.
Mr Baguley said there were some great deals available for investors able to move speedily, both in the residential and commercial property sectors.
“The demand is there – many of our clients are high net worth individuals, who have the money,and are bidding aggressively but need to move quickly, which is where we come in.
“One of our clients recently bought a residential property in South Manchester, that three years ago was on the market for £1.3m, for £600,000, subject to a seven-day completion.
“In North Manchester we are looking at a commercial deal where a client is looking at buying a 10,000sq ft office building, valued at £400,000 for £195,000.”