New CBILS Bridging Lender
One of our panel lenders has been accredited under CBILS for bridging finance.
What is CBILS?
It is a government initiative to help UK small businesses affected by coronavirus access finance. You can access up to £5m and the government guarantees 80% of the loan and pays arrangement fees and interest for the first year.
The Details:
Conditions: Residential bridging loans for refinance and development exit loans. Associated Fees: Lender arrangement fee and interest are paid by the Government for the first 12 months. Loan Size: £250k + Term: Up to 18 months. LTV: Up to 65%. Location: England and Wales.
Your project must have been affected by Coronavirus.
If this is of interest to you, please get in touch with the RFL Team quoting ‘Free Valuation’ to see if your deal fits.
