New Product: The Open Ended Bridge.
One of our panel lenders has introduced a new product: The Open Ended Bridge. You can choose either a 6 or 12 month term from 0.95% per month-rolled up and then at the end of your term you can service it indefinitely at 1.5% per month. This means that if you haven't achieved your desired exit, you're not going to be stung with expensive extension or default costs or have to go to the expense of re-bridging.
The highlights of this new product:
6 or 12 month bridge with interest rolled up.
From 0.95% per month.
1.5% per month serviced at the end of the term.
Up to 70% LTV.
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Why use a Commercial Finance Broker?
Expertise - RFL have over 20 years experience. Knowledge - Not all lenders are the same, you need to use a commercial finance broker who understands the market and will introduce you to the lender best suited to you. Save time and money - Using a broker allows you more time to manage the day-to-day running of your business as you have the reassurance that you know someone is dealing with your application. It also limits the risk of your case being declined, as the broker trusts their panel lenders and wouldn't try to place it where it might get rejected.