Bridging Finance

Killarney Capital offers bridging finance so you can move quickly and capitalise on a particular opportunity that requires funding in a tight time-frame.

 

As its name suggests, bridging finance is short term funding, typically 1-4 months.  It is commonly used in real estate transactions where a borrower needs to secure funding to purchase an asset and they either do not have the time to secure longer term funding, or may temporarily be unable to meet a lender's qualifying criteria for longer term funding.  Bridging finance loans have a wide range of applications and can provide borrowers with fast access to capital, with a minimum of red tape.   

 

Bridging finance is commonly used when:

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You have purchased a property and need to settle prior to the settlement of your existing property

 

You need to take a project from settlement to development finance stage

 

The loan-to-value ratio is higher than mainstream lenders are comfortable with

 

The project is being marketed but is yet to secure sufficient presales to qualify for bank funding

 

You need to move quickly to refinance a mortgage or other debt that is under pressure to be repaid

 

 

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