Portman Finance added to the Bridging Loan Directory
Portman Finance has recently been added to the Bridging Loan Directory.
Portman Finance Ltd was established in 2005. It is privately funded and provides short term, secured loans for commercial purposes.
With over 30 years banking and property experience from the Directors Portman Finance are happy to consider some of the more challenging deals. If the deal can be secured and there is a viable exit route, then Portman Finance may be able to help.
Portman Finance prides itself on providing finance where other lenders will not. From cash flow funding to development finance, Portman Finance will consider a variety of deals. Portman Finance are fast and flexible, you can speak directly to the decision makers and an In Principle decision is normally given within 48 hours.
All loans require security and will always need a viable exit route. The loans must always be for commercial purposes and for a term of up to 18 months.
Once Portman Finance has established the details of a deal they will make a decision within 48 hours as to whether they are able to assist. If they can, then they will issue Heads of Terms which will outline the basis of the offer.
If the borrower is happy to proceed then the next step will be to meet the applicant at the security address. Formal credit sanction is then obtained. Upon acceptance a valuation and solicitors can then be instructed.
Online directory www.bridgingloandirectory.co.uk is aimed at IFAs, mortgage brokers and lenders that are serious about securing fast and effective solutions for short term finance.
The site offers a comprehensive list of key companies specialising in bridging loans and interim commercial finance for a multitude of purposes – from property development to buying a new house or paying an unexpected tax bill – so that intermediaries can select bespoke solutions for their customers.