Savvy property developers know that the best time to buy land or develop property is… yesterday. With that in mind, many professional developers in the industry are looking for a fast, flexible loan that allows them to invest in a property quickly, and which can be paid back in a way that suits their financial situation.
GIC Capital have been supplying property developers with bridging loans for years, ensuring that the property development industry remains active, dynamic and diverse.
Bridging loans of the past
Traditionally, bridging loans have not had the best reputation. In the past, they were provided to borrowers who needed to buy at a moment’s notice but did not have enough time to arrange their financing. Bridging loans came to be known as inflexible and expensive, with unfair loopholes and severe penalties for late repayments.
We and other companies that provide financial solutions to property developers have been transforming this reputation over the years by changing these unfair and unrealistic practices. Bridging loans in the 21st century have evolved.
Bridging loans today
Today, property developers are finding the perfect solution to financial deficits in bridging loans. They’re ideal for buying a house or securing planning permission on a plot of land. In today’s market, it’s more important than ever that we focus time, money and energy into creating luxury and affordable housing alike, and a bridging loan can be great for quick buying of a development site that already has planning consent.
Moreover, if you’re planning a refurbishment of a property to sell on to a new family or the next generation of house buyers, a bridging loan offers a quick and secure fix. Likewise, a bridging loan can be used when refinancing to a buy to let mortgage or commercial mortgage.
Bridging loans of today are a property developer’s dream, giving you the opportunity to use your time and skills to develop beautiful homes and spaces.
GIC Capital’s bridging loans
We’ve worked hard to revolutionise bridging loans and ensure that they serve property developers as effectively as possible. Our bridging loans offer a broader, more flexible way of financing property development, and the criteria we ask that our customers meet is just the bare essentials. You can find out more about GIC Capital’s bridging loans here.