When you need quick access to capital for time-sensitive projects, a Bridging Loan from Honey Asset Finance can provide the perfect solution. Whether you’re purchasing a new property, covering short-term cash flow gaps, or awaiting longer-term financing, a bridging loan is a versatile and flexible option to bridge the financial gap and keep your business moving forward.
Bridging loans are designed to offer fast, short-term funding that allows you to act quickly on opportunities. At Honey Asset Finance, we work closely with you to ensure the loan is tailored to your specific needs and delivered in a timely manner.
A Bridging Loan is a short-term financing option that provides immediate funds to cover gaps between buying and selling, or between securing another longer-term financial solution. Bridging loans are often used in property transactions, but they can also be useful for any scenario where quick funding is required.
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Typically lasting between 1 to 24 months, bridging loans are designed for short-term financial needs.
Bridging loans can be arranged quickly, allowing you to access the capital you need when time is of the essence.
The loan is usually secured against property or other high-value assets, giving lenders the security to offer flexible terms.
Bridging loans offer flexibility and speed, making them ideal for situations where traditional financing might not be fast enough or available. Common uses include:
At Honey Asset Finance, we offer open and closed bridging loans, each designed to suit different scenarios:
This type of loan is ideal when you need flexibility because there is no fixed repayment date. You may not have a clear exit strategy, such as an agreed property sale, so open bridging loans allow more freedom in terms of when the loan needs to be repaid. However, interest accrues until the loan is settled.
A closed bridging loan is more structured, with a fixed repayment date in place. These loans are typically used when the borrower has a clear and defined exit strategy—such as a scheduled property sale or confirmed long-term finance—that will allow them to repay the loan at a set date.
A bridging loan is secured against property or assets, and the amount you can borrow depends on the value of the asset. Here’s how the process typically works:
1. Asset Valuation
You’ll need a valuable asset—often a property—to secure the loan. The value of this asset will determine the amount of funding available.
2. Loan Approval
Once the valuation is complete, we’ll approve your loan and arrange for quick disbursement of the funds.
3. Loan Term
The loan is short-term, typically between 1 and 24 months, during which time you’ll make monthly interest payments or defer them to the end of the loan term.
4. Exit Strategy
At the end of the loan term, the full loan amount, plus any interest, is repaid. This could be through selling the asset, refinancing with longer-term funding, or another planned exit strategy.
Bridging loans offer several advantages for businesses and investors who need fast access to funding:
One of the main benefits of bridging loans is how quickly the funds can be made available, allowing you to act quickly on time-sensitive opportunities.
Bridging loans can be customized to fit your specific situation, whether you need the loan for a few months or up to two years.
With some bridging loans, you can choose to make interest-only payments during the loan term or defer the interest until the loan is repaid in full.
In certain cases, you can defer the repayment of both capital and interest until the end of the loan term, improving your short-term cash flow.
Bridging loans are particularly useful for:
At Honey Asset Finance, we specialize in tailored bridging loan solutions that align with your specific needs. Our expert team will work with you to:
If you need quick, flexible funding for your business or property project, a Bridging Loan from Honey Asset Finance could be the ideal solution. Contact our team today to learn more about how we can provide the short-term financing you need to achieve your goals.