Your property finance
Why take a chance on development and bridging loans?
120 years combined experience in property and finance: we act fast, we find solutions.
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About us
Solution focused finance
Ashlar Property Finance was founded on the premise of providing fully underwritten Bridging Finance and Property Development loans to proven professional developers and property owners.
Trust is Ashlar’s watch-word, especially in today’s turbulent times.
We are a Principal Lender with fully underwritten funds, available immediately. We deliver on our terms without changing the goal posts.
How it works
Ashlar offers specific specialist Development and Bridging loans that can be tailored to meet your property funding needs; from start to finish.
This funding can be used for a new build, conversion or refurbishment covering a single through to multiple units built across a number of phases be they residential, commercial, industrial or social in nature.
We walk the talk. Ashlar can offer compelling financing solutions based on our expertise and experience from building projects and financial structuring.
Bridging loan
Invariably it has a shorter term; and is more common towards the Completion or Exit phases of a project. We at Ashlar offer specific specialist Development and Bridging loans that can be tailored to meet your needs.
A bridging loan can be used for a variety of reasons:
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For fast access to cash for any property development purpose – secured against a property
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For refurbishment – a cash injection to improve the value of a property.
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To fund the completion of an opportunistic or planned property purchase before long term finance is in place.
Development loan
A medium-term funding option, usually for between 6-36 months. It is designed specifically to assist with the purchase costs as well as building costs associated with a residential or commercial development project.
Any loan invariably has two parts.
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The first part of the funding will often be used to assist with the purchase of the development site. It could be land where one or several new properties will be built or an existing property that will undergo a refurbishment or a change of use.
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The second part of the loan is used to pay for the costs of the build works associated with the project. These funds are usually drawn-down in stages, as opposed to being given in one amount at the outset. This draw-down often happens once a month as works are completed on the project.
Funding level available
The amount of funding that can be provided will be determined by a professional valuation report that will contain 3 key numbers:
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Current value: the value of the site with planning or the value of the property
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The value of the completed property(s) assuming all works have completed.
Products
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Loan size: £0.5 to 20 million
Source: Fully-underwritten
Security: 1st charge
Valuation: Based on the value of the property (or combinations thereof), LTV up to 75%
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Loan size: £0.5 to 20 million
Source: Fully-underwritten
Security: 1st charge
Valuation: Based on the value of the property, LTV up to 75% (and GDV up to 100%); ‘credit checks’ are not required
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Options available to extend current loans on revised terms & conditions.