What Are The Advantages of International Bridging Finance for European Property International bridging finance is a type of short-term loan that is typically used by companies or individuals to bridge the gap between the purchase of a property or asset and the receipt of long-term financing. The loan is typically secured against the property or asset and is used to provide the borrower with the necessary funds to complete the purchase. There are several advantages of international bridging finance, including: Speed In Completing International Property Transactions: International bridging finance can be arranged and disbursed quickly, which is particularly beneficial for
Read more →Platinum Global Bridging Finance Arranges A EUR15m Bridging Loan For Paris Apartment What was the bridging loan situation? We were recently approached by a high net worth (HNW) client – a British citizen residing in Monaco – who wanted to refinance his existing property finance loan on his large stately home in Paris. He was looking to secure a loan of circa €15 million and wanted to remove his existing lender and release equity to renovate the home situated over 4 floors in Paris. It was clear to us that once the initial improvements were made on the property that the
Read more →When completing on a property transaction, finding the right unregulated bridging loans can prove very challenging. This is not due to the lack of products available, but more choosing from the thousands of products on the market. Finding an experienced lender who can offer a loan that meets specific needs is also hard. Twenty years ago, not many property buyers would have considered bridging loans. At the time, this was due to specialist finance lenders making up a tiny proportion of the wider lending market. After the global financial crisis, however, bridging loans became a popular option for investors in
Read more →Has Covid 19 Changed The Bridging Lending Market The lockdown period has proven to be a trying period for the property sector. With the UK Government actively discouraging people from moving property, lenders, borrowers, agencies and brokers were placed in a precarious position. Short-term relief measures were introduced to support those affected, but the lack of certainty made it incredibly difficult to prepare for the future. Finally, it looks as though things could be returning back to relative normality. I say relative because we still do not know when social distancing measures will be lifted entirely. Some people are more
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What Are Spain Bridging Loans? Bridging loans for Spain are a specialist kind of loan designed solely for shorter term usage to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available. The method for obtaining a bridging loan is straightforward and really versatile with a more flexible set of criteria than is usually required by most high street banks and mortgage lenders. Like a mortgage, a bridging loan is secured against your property. With bridging a realistic and viable exit will be required by the lender. How Do Bridging Loans for Spain Work? Bridging loans are
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If you are a property developer or business owner who is finding it difficult to raise the required funds to pay off an urgent HMRC tax demand then a bridging loan can be a highly practical and uniquely serviceable lifeline. Although there are various sets of circumstances where HM Revenue and Customs (HMRC) may choose to grant you a payment extension – these are not always available and failure to pay your tax bill on time can result in very serious consequences. There are two situations where HMRC will expect and demand an immediate payment from you and these occur
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