ABFL has access to a number of funders that can provide bridging loans and development finance secured on property that can be used for a range of purposes including, but not limited to:
Bridging the gap between purchase and sale, Raising working capital, Downsizing, Portfolio restructuring, Term facility repayment, Asset purchase & / or refinance, Project/Development Finance
Key Features, subject to status
Residential and mixed use security property, No upper age limit (usually, some lenders do apply restrictions), No ERCs after 1st month, Daily interest after 1st month, Offshore companies and trust borrowers can be accommodated, Rolled interest facility, Valuations and legal fees at cost,
Typical lending criteria: (varies from lender to lender)
For certain types of project finance e.g. building renewable energy facilities, property/land is required as part of the overall security package. These facilities can run for up to 3 years, provided a realistic and achievable exit strategy is defined and agreed with the lender.