Property investors and businesses alike can often find themselves needing to refinance their facilities away from their current funders. This can be for a whole host of reasons including; the current bridging loan facility is due for repayment and the funding in place will not offer any form of extension; delays to projects could mean that the initially proposed exit route has just not been able to happen; Often banks change their opinions on the types of property that they want to be funding against and will offer a discount on their interest if you can move the facility away in a short amount of time. BF247 Ltd has access to a number of funders who can look to refinance your current facility and give you the comfort that you need to go about your business as normal.
A client approached BridgingFinance24-7 with a potentially difficult requirement, their current high street lender was keen to move the facility off the books and offered the client a “haircut” to move to a different lender – unfortunately the security on offer was not the most desirable, a parcel of land which had been zoned for residential use but did not yet have planning, and they had struggled to find a lender. BF24-7 have a panel of fast and flexible funders who can work with most asset classes, we were able to quickly find the client a solution which enabled them to maximise the discount on offer.