Bridging Loans Explained | Together
Bridging Loans Explained | Together
May 22, 2022
togethermoney.com
🤔What’s the difference between bridging finance and development finance? Bridging finance is usually short-term and perfect for: Refurbishment projects Auction purchases Property chain breaks Development finance, on the other hand, is for bigger, more complex projects like: Building new homes Converting offices into residential flats No matter the type, lenders want to see realistic numbers, a feasible timeline, and a clear exit strategy. Get these right, and your project has a solid foundation
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