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.
This was my first experience using a solicitor, something I felt quite daunted about. Rothera Sharp (Greg and Petra) put me at ease and were very helpful.
Last year I experienced a car accident, as a front seat passenger. I put forward a personal injury claim with Rothera Sharp. From start to finish, my claim has been dealt with efficiently and professionally, and I have always felt my best interests were considered. All communications were made via letter or email to inform me of all further updates. My claim has now come to an end and I am very happy with the overall outcome. I would recommend Rothera Sharp for their service.
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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.
Jasmine Jackson is a trainee Solicitor in the Commercial Property department at Rotheras and is based at our Lace Market Office.
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.
Cycling road safety during the second lockdown
The Prime Minister has announced that England are to be in a nationwide four-week lockdown to control the spread of Covid-19, from November 5 to December 2, as cases have spiked in recent weeks. Consequently, people are being told to stay at home, there is a ban on gathering with people you do not live with and the closure of non-essential business.
Posted on 11/17/2020