What is a Bridging Loan?
Bridging loans are used to “bridge a gap” by providing capital quickly until a more long-term and usually lower interest solution can be found. These loans can be used in situations such as paying for lease extensions, buying a property at auction, refurbishing a property before putting it on the market or paying for unexpected bills.
If you require short term finance that can be arranged within a short timescale, a bridging loan could be the best option for you.
At Rotheras we can provide advice and guidance on the process of secured lending and taking out a bridging loan, so you fully understand the nature of the deal and feel protected at all stages.
Whether you’re a borrower looking to obtain finance or a lender looking to provide finance, our bridging finance team are well-placed to help you and can advise on all aspects of loan transactions.
Why use Rotheras for Bridging Finance?
We act for both borrowers and lenders and as a result are aware of the requirements of both sides.
We have significant experience of bridging loans so are appreciative of the urgency involved in obtaining this type of finance, and can work to tight timescales.
We will be transparent about our fees from the start and will ensure you are kept updated on any progress at all stages of your matter.
We can draft and advise on loan agreements, including drafting standard or more bespoke documents, which are often required when funding developments projects over a certain period of time.
When acting for lenders we can assist with due diligence and draft/produce required documentation.
When acting for borrowers we work to satisfy the agreements and conditions of the lender and can review and advise on documentation.
We have connections to several independent financial advisors we can put you in contact with for obtaining a bridging loan.
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Head of Commercial Property
Chris Powell at Rotheras was recommended to us by a trusted associate within the Transport Industry; without doubt we wouldn’t have had the excellent outcome we did without his and his team’s involvement. The level of professionalism, expert advice and assistance was faultless; we felt reassured and well informed throughout the whole process. It was a pleasure to do business with him and would highly recommend his services!
Julian Brindley - John Brindley Ltd
The team at Rotheras, and Mr Powell in particular, have provided us with an outstanding service. We are extremely grateful for the help and support they gave us in dealing with issues relating to our transport operations and our goods vehicle operators licence. Mr Powell was professional, knowledgable, efficient and effective. He quickly understood our business and the problem we had. He responded with sensible advice and acted quickly on our behalf to resolve the matter. I cannot thank him enough for his help and I would recommend Mr Powell, and the Rotheras team, without hesitation. I am extremely grateful for the help they gave us.
Richard Hitchcock - Hitchcock & King
I would highly recommend James Briggs, solicitor at Rotheras. He has been extremely helpful, patient and thorough whilst helping me with affairs following the death of my husband. Even during lockdown (covid) he maintained communication and kept me informed of what was happening. He successfully achieved the outcome I needed and I would not hesitate to recommend him.
We are in the middle of launching our own packaging agency and contacted Rotheras for some professional legal advice with regards to contracts. After an initial call with Billy, he made it clear what we needed and asked plenty of questions to understand what it was we needed. He was very responsive to our questions, whether it be over the phone or via emails and made the process really simple. We had little experience in this area so it was fantastic to work with Billy, who explained everything concisely. We were also really pleased with the quick turnaround and great value offered. Would thoroughly recommend working with Rotheras.
Tom Burden, Director of Rightbox Ltd
Billy understood our requirement from the get go and really nailed down on what we needed in our commercial agency agreement. Billy kept us informed every step of the way and showed great professionalism. We would recommend his services to any start-up business who is in need of legal advice and guidance with commercial contracts.
Axl Barber, Sales Director of Rightbox Ltd
I was extremely pleased with the service that Kerry provided in order to sell my mothers house. Good, prompt communication and all questions dealt with or answered as requested. Consequently I would recommend yours services to others.
Antony Fyson is a Partner and heads up the Long Eaton branch Office of Rotheras Solicitors and offers clients a wealth of expertise in Commercial Property and Conveyancing matters.
Tom Redgate is a Commercial Property specialist at Nottingham-based law firm Rotheras and is located at our Lace Market office in the heart of Nottingham City Centre.
Fiona Moore is an associate solicitor specialising in commercial property and residential property at Nottingham-based law firm Rotheras Solicitors and is located at our Lace Market office in the heart of Nottingham City Centre.
Luke specialises in all aspects of commercial and residential property including leasing, sales and purchases, development work, commercial finance and much more and is based at our Lace Market office in the heart of Nottingham City Centre.
Emily Kevan is a residential property and commercial property paralegal at Rotheras. She is based at our Lace Market office in the heart of Nottingham city centre.
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Posted on 02/22/2021