What is a bridging loan and finance?
For small-scale and SME developers, bridging loans are short-term financing options designed to bridge the gap between purchasing a new project site and being construction-ready, or to quickly secure a property purchase. These loans are particularly useful for property developers or investors who need fast access to capital.
CrowdProperty’s bridging finance product can help you unlock capital from an asset, secure a property purchase quickly, giving you time to get the development application (DA) in place , or even fund moderate levels of work. Structured in a single drawdown, it offers up to 75% LVR and is secured by first mortgage, providing both speed and security.
Why trust CrowdProperty for bridging loans and financing?
CrowdProperty offers a compelling value proposition for those seeking bridging loans and financing options. With the promise of a ‘decision in principle’ (DiP) within five days, CrowdProperty addresses the need for speed and expertise in SME development lending, a critical factor for property developers.
CrowdProperty’s bridging finance is secured by first mortgage, offering up to 75% LVR, which provides both security and flexibility to borrowers. CrowdProperty also offers the advantage of working directly with property development experts, ensuring your project is evaluated and funded by those who understand the intricacies of property development.
This blend of speed, expertise and certainty makes CrowdProperty an ideal choice for bridging finance for SME property developers.
Benefits of CrowdProperty bridging loan and finance
Flexibility to keep your projects moving
- Bridging finance for property developers can provide quick access to funds so you can maintain momentum and achieve project milestones.
Expert support and advice
- CrowdProperty offers expert support throughout the finance process and the whole project.
Fast and efficient processes
- Speed, expertise and certainty means indicative answers within five days.
Expertise from property professionals
- The CrowdProperty team has over 100 years of combined property development expertise.
How it works and things to know
CrowdProperty streamlines the project finance process for property developers, offering a quick, expert, transparent approach to securing funds for property development projects. Here’s how it works:
1. Application, evaluation
Developers submit project details online. CrowdProperty’s expert property team assess each project’s feasibility.
2. Funding
Once a project loan is approved, it’s listed on the CrowdProperty platform. Investors pledge funds to the project loan.
3. Project completion
Once the loan is issued, CrowdProperty monitors progress and manages draw downs. On completion, the loan and interest is repaid.
