Equitable Bridge
An Equitable Bridge Loan provides a flexible financing solution for borrowers who may not have traditional collateral to offer. Instead of relying on physical assets, this loan is secured through equitable rights, offering quick access to capital based on a borrower's potential equity.
Case study
- Loan Amount: £335,000
- LTV: 65%
- Rate: 0.89%
- Term: 18 Months
Albatross provided a loan facility to a consultancy company who had just secured to major healthcare contracts. The company required funding to support the cash flow and investment requirement to ensure these contracts could be carried out, without the financial stress of meeting payroll, paying suppliers, and so on. The company did not own any physical assets for us to secure against, however the client offered us their primary residence as collateral. The property already had a first charge mortgage with a mainstream bank and therefore consent was required for us to sit behind. Albatross obtained authority from the client to speak directly with their bank, in order to drastically speed up this process and allow for the funds to be released quickly to ensure the client could meet their finance requirements. As a result, the contracts were a huge success and the profits from this activity repaid our loan amount in full, well within the initial 18 month term, with no early repayment charges.
I have been supporting Albatross with loan
applications since their inception, and some 8
deals later they continue to be my ultimate lender
of choice. I particularly relish the fact I can call the
office and speak directly to a decision maker; they
don't always say yes to my deals, but I equally
appreciate the quick no's.
A lender who is able to be as commercially
minded and efficient as Albatross is a lender who'll
go very far.
Like many, I found myself up against it, financially,
during the covid 19 period. I was faced with a
business debt that required immediate payment,
but my funds available were limited.
Fortunately, my broker introduced me to Albatross
They met me almost immediately on the site of a
small barn and vacant barn conversation that I ow
and rent out on a holiday let basis. Given the
urgency, we instructed legals at the time of
meeting and they provided me with funds within
48 hours, ensuring I settled my payment on time.
will be forever grateful for both their speed of
initial delivery, and service and understanding
throughout the loan term.
As a sole trading developer, my main focus is put
my energy in to carrying out exceptional schemes.
Over the years, I have kissed many frogs when it
comes to borrowing money; you either get a
lender too wrapped up in red tape to be able to
provide the speed and flexibility that I need, or a
lender who doesn't fully understand the inevitable
ups and downs of property development in order
to get to the finished masterpiece.
Albatross have been like a trusted business
partner to me for several years now and they play
a large part in the success I have had commercial.
Cannot recommend enough.
