Bridge Loans
Bridge loans for customers in the UK and beyond. Arranging efficiently and quickly real estate bridge loan in the UK is our flagship service.
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Bridge loans for customers in the UK and beyond. Arranging efficiently and quickly real estate bridge loan in the UK is our flagship service.
A “bridge” or “bridging” loan or finance is a short-term financing deal, taken by a customer quickly to cover an interval between two transactions, typically the buying of a property and then refinancing through a long-term mortgage or selling a property.
Stanley Corporation has access and relations with more than 300 lenders. This provides us “whole of the market” coverage and enables us to achieve best terms for the customers. What makes us especially different from other finance brokers is an ability to access private lenders and family offices, which enables us to place almost all types of reasonable real estate risks.
Apart from smaller bridging firms, family offices and private lenders, we are also working with extremely large direct lending institutions, some of which start considering loans from £100m onwards. This gives us one of the widest deal size capabilities, when we can place deals as small as £50k and as large as £2bn from a single lender. We work equally well with first and second charge bridge lenders.
Customers who come to us with a need to borrow also see a patient and friendly approach when we listen and spend time in order to understand the needs of our customers.
More than 300 quick private direct lenders, including niche family offices and private individual lenders that lend quickly and in flexible manner with money-in-the-bank profiles.
We are equally strong with quick smaller loans (£100k-£10m), fast medium size loans (£10m-100m) and speedy very large loans (£100m-£3bn). More than £3bn deals closed.
Working with some of the quickest lenders in the market: 24-hour to term sheets and sometimes 48-72 hours to completions and money transferred for the needs of the project.
In the UK, up to 90% of purchase price / 100% refurbishment / extension costs covered. Different metrics apply for properties in other countries.
In the UK, monthly interest rates could be as low as 0.43% (5.16% APR and additional fees apply) for bridging deals and could be lower for development and term deals.
We do only unregulated quick loans for either corporate borrowers or for individuals for business/investment purposes from money-rich lenders.
Team of top ex-investment bankers and private debt lenders with track record of more than £3bn in deals closed. We assist throughout the loan application.
All types of real estate / liquid financial assets (shares, bonds, ETFs, cryptocurrency) / luxury items collateral (jewellery, fine art, rare wine collections etc) / corporate receivables / debtor book or stock.
Customers who come to us with a need to borrow also see a patient and friendly approach when we listen and spend time in order to understand the needs of our customers.
More than 300 quick private direct lenders, including niche family offices and private individual lenders that lend quickly and in flexible manner with money-in-the-bank profiles.
We are equally strong with quick smaller loans (£100k-£10m), fast medium size loans (£10m-100m) and speedy very large loans (£100m-£3bn). More than £3bn deals closed.
Working with some of the quickest lenders in the market: 24-hour to term sheets and sometimes 48-72 hours to completions and money transferred for the needs of the project.
In the UK, up to 90% of purchase price / 100% refurbishment / extension costs covered. Different metrics apply for properties in other countries.
In the UK, monthly interest rates could be as low as 0.43% (5.16% APR and additional fees apply) for bridging deals and could be lower for development and term deals.
We do only unregulated quick loans for either corporate borrowers or for individuals for business/investment purposes from money-rich lenders.
Team of top ex-investment bankers and private debt lenders with track record of more than £3bn in deals closed. We assist throughout the loan application.
All types of real estate / liquid financial assets (shares, bonds, ETFs, cryptocurrency) / luxury items collateral (jewellery, fine art, rare wine collections etc) / corporate receivables / debtor book or stock.
Need Funding?
Financing real estate for overseas client is one of our specialities. With growing rate of international uncertainty, UK property is considered one of the safest and stable asset classes. This is why many wealthy individuals, businesses and institutions continue investing in the UK property at growing rate.
For many overseas clients UK real estate is an attractive asset class.
Very often, overseas clients looking to acquire UK real estate, find it difficult to obtain mortgages or other types of financing. Sometimes even if a mortgage could be provided, the process can take more than 5-6 months and the criteria is very stringent. Finally, even when the mortgage is provided, it may cover very small portion of acquisition price, such as 35-40% of acquisition price.
In addition, overseas clients may also come across to other difficulties, including foreign exchange rates, transferring the funds, compliance, source of funds verifications, notarisations and many other complications.
In approaching real estate finance for overseas client, we propose a two-stage process:
Finance quickly UK real estate acquisition with short-term loan (typically 9-18 months), with interest retained or rolled (or could be serviced), typically covering around 65-75% (around 2/3) of the property open market value, with no interest service for 12 months. If the client could service the interest the Day 1 advance will be higher.
Please note:
Once the property is renovated and tenanted and the business (referred to the company owning the property) starts producing rental income and in some cases other type of income (for instance data centres, student accommodation, medical clinic or a hotel could generate auxiliary income), we will assist in refinancing the short-term loans with longer-term mortgages at a favourable rate. Please note we do not get involved in regulated mortgages but could assist with unregulated commercial mortgages or business term facilities or refer to specialised brokers in this area. Unsecured business loans could also be available, depending on the type of business.
If you bought a new house and waiting to sell your existing house or raise short-term finance to finance your down payment of a new house or liked a new house, but mortgage is taking time to get bridging loan approved or the new house is not mortgageable and needs acquiring and doing up.
For all these purposes you might need a bridge loan. We can offer both first charge and second charge bridge loans up to 80% of collateral value.
If the home you want is in a competitive housing market, then home sellers typically won’t agree to contingencies from the buyer. To solve the buy before you sell quandary, a bridge loan might be a good solution to fill the gap.
Many purchase contracts have contingencies that allow the buyer to agree to the terms only if certain actions occur. For example, a buyer may not have to go through with the purchase of the new home they are in contract for unless they’re able to sell their old home first.
This gives the home buyer protection in the event no one buys their old home, or if nobody is willing to buy the property at the terms they desire. But when a home seller won’t accept the buyer’s contingency, a bridge loan might be the next best way to finance the new home.
On bridge (or bridging) loan side, developers are one of our core customers types, as they often require fast financing solutions for acquiring sites or for exiting. For exit loans, we work with lenders which are CBILS/RLS registered providers.
Depending on the financial strength and track record of the developer a framework or programmatic facility could be obtained when a developer establishes a partnership with a lender and this lender helps the developer to secure multiple projects.
A closed bridge loan is one that's taken out when there's an ensured exit date and event, or date when the credit will be reimbursed. An example of an ensured exit date would be the date of completion for a real estate deal having exchanged contracts or a bank approved the mortgage loan but needs time to technically process it internally and has indicated the time of completion. When taking out a bridging debt under these circumstances an ensured exit date can be given. This sort of bridging advance is clearly less hazardous to both the lender and the borrower, and this is often reflected within the loaning rates and charges.
The opposite of closed bridge loan is an open bridging deal. An open bridging advance does not have an ensured exit date and thus a borrower can only show to the lender a guess of likely timing during which the bridging credit facility will be required. An illustration of an open bridging advance would be when the borrower is selling a property, but there are no affirmed buyers. Open bridging credits are a riskier suggestion for both the investor, who does not know when to expect repayment of the loan and how many months interest he will need to pay.
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