REFURB+ BRIDGING
Catalyst Property Finance / Refurb Plus BridgingRefurb+ Bridging is designed for property investors/developers who want to maximise cash flow, reduce borrower equity, and lower professional fees on their refurbishment and conversion projects.
Loans available up to 75% OMV (Open Market Value) + rolled interest + Asset Manager/Quantity Surveyor fees added to the facility.
Refurbishment budget up to 50% day 1 OMV.
Up to 100% of works funded in arrears.
Refurb+ Monitoring
No Asset Manager required:
Client funded cost of works < 10% of day 1 OMV. Up to £50k cost of works considered.
Asset Manager required:
Catalyst funded cost of works < 10% of day 1 OMV.
Catalyst/client funded cost of works 10% to 50% of day 1 OMV.
QS may be required:
Cost of works > £250,000
Further advance at Practical Completion
Where clients self-fund cost of works, they can apply for a further advance at Practical Completion, subject to not exceeding max. 75% LTGDV.
Pre-further advance, an Asset Manager visit will be required.
Lending Criteria Overview
| Borrower | Experienced and less experienced developers and/or contractors to 75% of Open Market Value Borrower 3 year UK address history. UK individual or LTD Co/LLP. Offshore LTD Co. |
| Loan | Loan terms from 3 months to 24 months. No ERCs, 1 month minimum interest. Loans available from £100,000 to £5 million. Interest can be rolled up and added to the loan above the net LTV. |
| Property |
Located in England and Wales. |
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Monthly Interest Rates From
Refurb+ Bridging Loans
| % of Open Market Value: | 60% LTV | 65% LTV | 70% LTV | 75% LTV |
| Experienced property professionals* | 0.65% | 0.70% | 0.75% | 0.80% |
| Less experienced borrowers | 0.70% | 0.75% | 0.80% | 0.85% |
*Experienced developers: 3+ recent schemes
How to arrange your Refurb+ bridging loan
Call our bridging finance team on 01202 112 900, they will assess your bridging loan enquiry and quickly respond with a lending decision. They can offer terms up to 24 months and loans up to £5 million, all lending is subject to underwriting. As a bridging loan company, Catalyst accepts borrowers who are aged between 21 and 85 at the end of the loan term.