🏗️💷 Bridging Loans & Development Finance in Southend-on-Sea

From coastal conversions in Leigh-on-Sea/Westcliff to mixed-use projects in the town centre, we help Southend investors and developers fund purchases, refurbishments and builds — matched to tight timelines and clear exits.

🚀 Best Uses for Bridging

• ⚡ Auction & fast movers: Exchange/completion within 28 days.
• 🛠️ Light/heavy refurb: Cosmetic upgrades through to structural reconfigurations.
• 🏢➡️🏠 Change of use/PDR: Retail/office to residential where policy allows.
• ✅ Finish & exit: Complete works, then switch to longer-term finance.

📊 Typical Bridging Metrics

• 📈 LTV: Around 70–75% day-one; higher with extra security.
• 🕒 Term & interest: 3–24 months, with serviced or rolled options.
• 🔐 Security: First or second charge depending on equity.
• 🔄 Exit: Sale or refinance (BTL/commercial) once compliant.

🏗️ Development Loans

• 💡 Leverage: Up to ~60–70% GDV and ~75–80% of costs (guide).
• 📋 Monitoring: QS/IMS stage inspections; contingency expected.
• 📑 Structures: Senior / stretched senior; mezz for larger schemes.

🌊 Southend Specifics

We pre-check lease/policy constraints for seafront and parade stock, and ensure GDV comps reflect Leigh-on-Sea and Thorpe Bay premiums where appropriate.

📝 What to Prepare

• 📄 Valuation, cost plan, works schedule and programme
• 🏗️ Planning/PD evidence; building control route
• 👷 Contractor credentials, insurance and draft JCT
• 📊 Exit plan modelling (sale comps or refi offers)

⚡ How We Move

1. 🎯 Scope & exit confirmed
2. ✍️ Heads of Terms issued fast
3. 🏢 Valuation/QS and DD
4. 💰 Offer, legal & drawdown

❓ Bridging & Development FAQs (Southend)

📌 Can I bridge against a property needing heavy works?

Yes — refurb/development bridges are built for this, with monitored drawdowns.

📌 Is second charge bridging possible?

Case-by-case where equity supports it; pricing/LTV tighter than first charge.

📌 What if I plan to sell part and refinance part?

Feasible with the right structure; we model sales schedule and refi terms up front.

📌 How are fees paid?

Arrangement/exit fees are often deducted from the facility; valuation/legal paid during the process.