Tackling the Bridging Market Head-on - Corporate Finance plc launches new style of service
20-03-2008 |
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Established by a group of property entrepreneurs to meet their own needs and now available to other property developers and intermediaries to enable them to capitalise on the exceptional service they can provide, Bridge Corporate Finance plc has developed a flat management structure designed to meet the market’s growing demand for fast, short-term access to bridging finance.
Timing could not be more appropriate, as the market witnesses a downturn in values and consequently, opportunities to capitalise on short-term opportunities increase.
Bridge Corporate Finance is a Principle Lender, enabling it to immediately offer funds from £30,000 to over £3million, secured on UK commercial property with decisions made within hours of valuation. Together with its expert and finely tuned panel of surveyors and legal team, completion can be achieved in as little as three days.
Originally aimed at small to medium sized enterprises, the company has seen its approach attract some of the UK’s major property investors.
“Our approach”, says Bridge Financial Director Abigail Farran, “is built around a flat management structure entirely designed for speed. No big meetings, no lengthy deliberation. We make the decisions based entirely on the facts in front of us, evaluate the level of risk we are prepared to accept and communicate our decision immediately to the investor.”
On this basis, Bridge Corporate Finance is able to offer up to 100% of the purchase price, and provide finance from 1 week to six months.
“Because we are lending our own money to like minded entrepreneurs, adds Farran, “we fully understand the real demands of this business and can react accordingly. It’s not unusual for me to take urgent calls at 10.00pm and need to liaise with everyone overnight, in order to get a decision made by breakfast time.”
The Altrincham based company is associated with commercial property agents Thomas Willmax.. Together, they can also become involved in developing portfolios, marketing the properties and working with clients on valuations, even if no bridging loan is immediately required.
Farran believes that the market needs more integration of its services as pressures continue to build on investors.
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