No matter what your business goals are, we can help you to find the right solution for your needs. We have a wide range of options available, and our experienced team can help you to find the best deal for you.

• Pay for building work

• Buy land to build on

• Fund the purchase of your new business premises

• Pay to renovate your current property if it's not selling as quickly as planned

• Fund the purchase of your next property if you don't have enough money for a deposit

• Refurbishment of your property so it's ready to be sold on.

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.                      

Sometimes, you need an injection of finance. It may be that your business has a golden opportunity and needs a decent sum of money in a short time to take full advantage, or perhaps you’re looking at a new office space and feel a bridging loan is the fastest route to making it happen. Whatever the reason, bridging finance has become hugely popular over the last half-decade. 

If you’re seeking a bridging loan, read on for our tips to help you make sure your ducks are in a row before applying.

How Much?

This is an obvious, but vital, step in determining the bridge loan deal you seek. Depending on what you are seeking a bridge loan for, the sums can vary dramatically, and you need a very clear picture of how much you need before approaching a bridging finance lender.

But this isn’t just about what you’re going to borrow, it’s also about how much you’re going to pay back. You need to consider the collateral you will be putting up against the loan. For businesses, this could be property such as the office premises – including on -site equipment. You may also use the business itself as collateral, or client sales and invoices.

It’s vitally important to know that you will have to pay off the loan and interest in its entirety and ensure that you will be able to do this. If not, your collateral is at risk and if that includes the business itself, the bridging loan will be for naught.

Open or Closed Loan?

It’s also important to know the type of structure your bridging loan will take, and which one is right for your situation.

Open bridging loans offer more flexibility to your business as there isn’t a fixed repayment date. The repayment date will likely be less than 12 months from the date of the loan, but there’s no mandatory date for repayment in place.

A closed loan, as you might expect, has a specific date when repayment is expected by the lender. This is a good option when you have a clear idea of future finances and how the bridging loan is going to facilitate opportunities for the business.

Exit Fees

It’s also important to know the exit fees involved when taking out a bridging loan for your business. Most lenders will charge one month’s interest as an exit fee and this will usually apply whether the loan has run its full course or you are repaying the balance early.

It’s important to know this if you are in a position to repay the bridging loan earlier than the scheduled date. Many businesses can forget about exit fees and not plan accordingly. Know the terms and have it nailed down when sizing up potential bridging lenders.

If your business is seeking short-term, bridging solutions for its financing needs, contact  GIC Capital today for a comprehensive, professional and informed service.