Category Archives: Uncategorized

Solution for unmortgageable properties

Property development  is still very profitable industry. However most of UK property developers struggle to get finance from hight street lenders for unmortgageable properties.  Developers often visit property auctions to look for bargains. If they found an old property in a poor state or a property has no kitchen or bathroom they will strugle to

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£100m lending facility

Family run lender from Manchester area has entered into a joint ventur to expands their loan book to over £100m. They mainly focus on a first charge bridging loans and low risk property development loans between £350,000 and £5million but will consider all enquiries. Joint venture is set to have a focus outside of London

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Oman Investment fund seeks investment

Investment funding is being sought for a major commercial development asset based in central London. The Bishop’s Square development near London’s Spitalfields market is hunting for investment for 75 per cent of the asset, which is currently owned by the Oman Investment Fund. Since its opening in 2005, Bishops Gate has picked up numerous awards,

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Plans to sell large commercial property

Lloyds Banking Group is starting a mass sell-off of the commercial development assets it inherited from the Bank of Scotland (HBOS). In a bid to accelerate the disposal of Bank of Scotland assets, Lloyds has announced plans to sell £100 million of commercial property, whilst prices remain favourable. The 300 luxury properties making up the

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What is a Bridging Loan?

A bridging loan is a form of short term finance, normally arranged for 1–12 months, typically secured against property or land assets. Here are couple of typical scenarios for when a bridging loan should be considered and what the alternatives might be. The Property Developer Property developers often look high and low for properties that

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