In London’s bustling financial landscape, speed and reliability can make or break an investment deal. Whether that is wrapping up a property transaction or averting a financial crisis, time is often of the essence. Recognising this critical need, Albatross introduced a product, aimed at offering a lifeline to those in urgent need of funds. Let’s take a look at the 48-Hour Rescue Bridge.
What is a 48-Hour Rescue Bridge?
48-Hour Rescue Bridge Loans are short-term finance solutions that are designed to provide borrowers with quick access to funds. These loans are typically secured against property and are used to “bridge” a financial gap until a more permanent financing solution can be arranged. Albatross Lending’s 48-hour rescue bridge is crafted specifically for scenarios where traditional lending timelines fall short, ensuring that the client can access funds within just two days of their enquiry.
What does it do?
Albatross Lending’s 48-hour rescue bridge stands out for its swift execution and flexible terms. Here are some of its key highlights:
- Loan advance within 48 hours: Once an application is submitted, Albatross Lending ensures that the loan is processed and approved within 48 hours, providing it meets satisfactory legal and valuation conditions
- Loan amounts up to £3 million: This substantial limit allows borrowers to cover significant expenses or investments
- Competitive Rates: Starting from 0.99% per month, the rates are designed to be affordable while offering quick access to funds for investors
- Loan-to-Value (LTV) Ratio: Generally does not exceed 70%, ensuring a reasonable balance between the loan amount and the value of the property.
Albatross to the (48-hour) rescue!
The practical applications of Albatross’ 48-Hour Rescue Bridge are wide-ranging. Property developers might find themselves needing to complete a purchase quickly to avoid losing a valuable deal. In those cases, Albatross’ rapid response can be crucial.
A notable recent example involved a client who required £1.1 million to pay a creditor urgently. The client was offering up a derelict residential asset on a private estate in Surrey that they had recently bought cash and planned on demolishing and developing. Albatross quickly flew into action visiting the site, issuing terms and instructing legals at the scene.
Through some exceptional legal work, and many commercial decisions and conditions subsequent were agreed in order to meet the time frame. The borrower drew down on funds within the time frames and 6 weeks later, Albatross was redeemed via a larger Investec facility.
In those situations, speed is everything!
Why choose Albatross Lending?
Choosing Albatross for a 48-Hour Rescue Bridge loan means partnering with a lender who understands the pressures and dynamics of urgent financial needs. Their ability to meet tight deadlines without compromising on thoroughness or professionalism sets them apart in the competitive lending market.
For those in need of fast, reliable and substantial financial support, Albatross offers a proven solution. With the 48-hour rescue bridging loans, clients can navigate financial hurdles with confidence and peace of mind, knowing that they have a trusted partner in their corner.
How can I apply for a 48-Hour Rescue Bridge?
To learn more about Albatross’ 48-Hour Rescue Bridge, speak directly to one of our decision-makers today.
Nils Raber
Associate Director
nils@albatrosslending.co.uk
0208 079 7691