Hope Capital Property Finance has launched its new 'Max Net' bridging loan product, which is specifically designed to give borrowers maximum upfront liquidity from day one.
Max Net enables borrowers to access the funds required towards the purchase of an asset, alongside an immediate initial refurbishment drawdown following completion.
Originally available on residential assets only, this enhanced offering is also available across semi-commercial and commercial property types.
It offers 75% net LTV on residential property at 0.89%, and 70% net LTV on semi-commercial and commercial property at 0.99%. Up to 100% of build costs are covered, with flexible payment options and loans from £100,000-£5m on 3-15 month terms.
Max Net offers a flat, fixed rate regardless of the size of the scheme, with dual legal representation available up to £750,000, full title insurance, and no exit fees.
Kim Parker, director of lending operations and commercial strategy at Hope Capital Property Finance commented: “In the current climate, confidence in funding is more important than ever for those looking for bridging finance. With the launch of Max Net, borrowers will be able to access maximum upfront liquidity on residential, semi-commercial and commercial properties without delay.”
“For borrowers embarking on refurbishment projects, speed is crucial, having funds available from day one is vital, not just for the purchase, but to get works underway immediately. That’s exactly what Max Net delivers, and why we anticipate huge demand amongst both our existing clients, and new borrowers.”
