Bridging Finance for a Property Developer  

Client Background 
Sarah and Tom are experienced property developers based in Bristol. They specialise in converting old commercial buildings into modern residential apartments. Their latest opportunity was a disused office block valued at £1.2 million with planning permission for 10 flats. The challenge was securing the funding quickly to purchase and begin conversion works before their planning permission expired. 

The Challenge 
Traditional development finance providers often require lengthy underwriting and rigid criteria. Sarah and Tom needed flexible property development bridging finance that could be arranged within a matter of weeks. They also wanted a staged drawdown facility to release funds as the project progressed, reducing overall interest costs. 

Despite their strong track record, their existing bank couldn’t deliver the funding quickly enough, and the deal risked collapsing. They turned to Best Bridging Loans to explore short-term bridging loan options for property developers. 

The Solution 
Best Bridging Loans began with a comprehensive financial review, assessing the purchase price, build costs, and projected GDV (gross development value) of £2.5 million. Using this information, the team approached several specialist lenders who cater specifically to developers. 

After negotiations, Best Bridging Loans secured a £900,000 development bridging loan structured as follows: 

• Initial drawdown: £600,000 (for purchase) 

• Further drawdowns: £300,000 (for construction stages) 

• Term: 12 months 

• Interest: Rolled up at 0.72% per month 

• Exit: Sale of completed units 

Best Bridging Loans coordinated valuation reports, build monitoring, and legal documentation to ensure the loan completed in just 15 working days. The lender also approved a flexible repayment structure, meaning interest was deducted at the end of the term rather than monthly — easing Sarah and Tom’s cash flow during the build. 

The Outcome 
The bridging finance allowed Sarah and Tom to acquire the property, begin works immediately, and deliver all 10 apartments within 9 months. Upon completion, they sold 8 units and refinanced the remaining 2 as rentals. The profits generated exceeded their initial projections by 18%. 

Client Testimonial 

“The speed and flexibility from Best Bridging Loans were exceptional. They understood property development finance inside out, and their ability to liaise with lenders and valuers made the process seamless.” 

SEO-Focused Analysis 
This case study showcases how Best Bridging Loans support property developers with bridging finance for development projects. Whether it’s funding for conversions, refurbishments, or new builds, their experienced advisors source tailored short-term development loans that bridge the gap between purchase and sale or refinance. 

Key SEO Terms: bridging loans for property developers, property development finance, development bridging loan, short-term property finance, Best Bridging Loans.