Spotlight: Hope Capital

By Bridging Loan Directory -

Hope CapitalHope Capital is a 100% privately funded specialist provider of bridging loans of up to £500k for a term of up to 6 months. This short term financing is secured as a first or second charge (not stand alone) against a property or a number of properties depending on the circumstances. It is usually required when standard lending criteria cannot be met or the time constraints of the deal mean that high street lenders are unable to perform.

For example:

  • Auction purchase
  • Dilapidated property requiring extensive refurbishment
  • Property trader looking to buy and sell ‘back to back’
  • Client with equity in other properties, that can be used to substantiate purchase which otherwise would fall outside of lending criteria
  • Off market opportunity requiring speedy completion
  • Emergency refinancing of existing assets to be replaced by standard high street lending
  • Tax liabilities mean that you need to raise money quickly and have the assets to do so

With Hope Capital, any borrower requiring finance will be speak directly to the decision maker in the first instance, and they are in funds to make quick decisions and turnarounds if their standard lending term are adhered to. Hope Capital’s standard lending terms are below:

  • Total loan will not exceed 75% of the 90 day sales valuation of the property
  • Must provide a solid explanation of how the bridging finance will be repaid. Proof of the exit will be required in all cases
  • Loan Term: 1 Month – 6 Months
  • Rate: from 1.25% per month (minimum 3 months fees in most cases)
  • Interest payments: can be rolled up and paid on redemption of the loan or paid monthly
  • Entry Fee: 1 Months Interest
  • Exit Fee: 1 Months Interest
  • Legal Fees: At cost

Hope Capital are also looking for Intermediaries and Key Partners to build long-standing relationships with and ensure high levels of service can be provided to clients. Hope Capital prides themselves on being flexible for both Clients and Intermediaries needs, and understand the value in paying commissions on time.

You can contact Hope Capital on 0845 494 0708, email: info@hope-capital.co.uk or visit their website www.hope-capital.co.uk