Short term loans secured against the value of properties constructed from wood

Bridging loans can be secured against properties that are not only in various states of repair, but also of various constructions. Properties made purely of wood are popular in difficult to reach locations, where transporting the usual bulky building materials, such as bricks, can be very difficult and therefore expensive.

Circumstances and solution

We have recently secured finance for two different customers who both had properties constructed from wood to offer as security. One property was on a small island on an inland waterway in the UK. The other was in a very quiet and secluded location (think Grizzly Adams), and didn't even have running water or electricity.

Funds were raised on the one to purchase a property abroad and on the other to expand an existing business.

Arranging short term finance against these properties was a good option because it allowed both clients to make use of an asset that would not usually be regarded as suitable security by traditional lenders. Therefore also leaving their other properties and assets untouched.