Montello | Bridging finance

Bridging finance involves lending to a borrower on a short term basis. The term essentially refers to the financing facility being a bridge to allow the borrower to arrange longer-term finance, or until the relevant investment crystallises.

Montello's terms vary dependant on the specifics of each individual case, but are generally along the following lines:

• First charge loans
• Interest rates from 0.75% to 1.5% per month
• Up to 75% LTV of Open Market Value
• No exit fees
• No upfront arrangement fees

The terms mezzanine finance and bridging finance are often used interchangeably. However, mezzanine finance normally involves subordinated (i.e. second charge) debt.

Bridging finance has a wide range of applications. In most instances, a borrower will require bridging finance in order to move quickly and capitalise on a particular opportunity that requires funding in a shorter time-frame than what a mainstream lender can provide. Bridging finance can provide borrowers with fast access to capital, with a minimum of red tape.

Unlike mainstream lenders, Montello has a very streamlined and un-beauracratic lending process, which allows a loan to be processed in a very efficient manner.

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