Bridging Finance

bridging finance

Are you looking for bridging loans for proper transition between two projects without facing any cash flow gap? At Mortgage Suite, we offer a wide variety of bridging loan solutions from several bridging finance companies in NZ. For homeowners, bridging finance loans in NZ allows them to move quickly to a new home while waiting for the right buyers for their existing home.

A bridging finance loan is a short-term loan to bridge the gap between two home loans. Bridging loans are used to bridge the cash flow timing gap until the sale and purchase process on both homes (the one you are purchasing and the one you are selling) is completed. If you find yourself in a tricky situation to finance your new home until the sale on your current home settles, contact us to arrange bridging finance loans in NZ either through private lenders or a mainstream bank.

Bridging loans offer quick and hassle-free finance at competitive rates and loan terms. They are tailored to borrowers’ personal finance needs for a short period. It gives them the freedom to negotiate freely on a home they are purchasing. Not only this but a bridging loan can also be used to finance the costs of construction of a new home while you live in your current home. There are two different types of bridging loans offered by both mainstream banks and private lenders:

Open bridging loans

  1. No clear exit strategy.
  2. No specific date for the sale of your existing property.
  3. Greater risk to lenders.
  4. Require more equity

Closed bridging loans:

  1. When there is a known exit strategy.
  2. You know the date by which your property will be sold.
  3. Not as risky for the lender. 
  4. Require less equity. 

We aim to give you the best advice and tailor our services to your specific business requirements and goals. Once we understand your business requirements and financial needs, we do all the running and chasing for a comprehensive search of business loans from different lenders. 

With decades of experience in the retail, commercial and corporate banking sector, we understand that borrowing money for your business can be a very challenging and nerve-wracking process for both new and established businesses. We help you do all the planning and research to obtain the funds you need to move forward.

How we can help

At Mortgage Suite, we can help your get the right bridging loan solutions as per your terms and requirements. As an experienced loan advisor, we coordinate a sale and purchase timeline to find you lower interest rates on your short-term bridging loans. We can help you through your bridging loan assessment process to make sure you get the lifeline you need to meet your financial goals. We help you review:

 

  1. Your equity contribution
  2. Details of the security
  3. Your current loan balance and interest rates 
  4. Sale and purchase agreements
  5. Proposed exit strategy
  6. Negotiate a better deal

After your bridging loan assessment process, we help you submit your loan application with one of the best bridging finance companies in NZ for the best deal.  Contact us to know more about bridging finance loans in NZ and discuss your specific financial needs. With decades of experience in financial advice and mortgage broking, we help you overcome challenges and negotiate a competitive interest rate and loan term for your bridging loan to meet your cash flow requirements in quick time.