News

The commercial finance market continues to adapt to find solutions to ensure clients can move forward in challenging circumstances with greater demand from clients who need to extend existing terms, borrow more than previously planned or refinance onto alternative structures. The reasons vary, but there is a clear pattern emerging – luckily we’re here to help and can structure short term solutions to meet immediate needs and plan for tomorrow through longer term refinance options.

• Property Refurbishment & Conversions

• Regulated Bridging

• Development Exit

• Re-Bridging Solutions

Clients are needing to be adaptable as their original plans or proposed exit strategy simply hasn’t materialised, in many cases through no fault of their own.

Why Clients Are Re-Bridging

Our introducing partners and networks rely on our ability to consider alternative approaches and to meet the needs of their clients, across the property investment and trading business sectors:

• Sales are taking longer than expected
  The market is moving, but not quickly enough. Sales of units are completing but typically taking longer than clients’ forecasted, leaving them exposed as their existing bridging terms expire.
• Project delays and incomplete developments
  Some borrowers are still mid-development or mid-conversion, unable to reach a saleable or refinance-ready position through developer delays, deliveries or even bad weather.
• Despite every effort, plans have simply taken longer to conclude
  The client’s circumstances have not altered but the term of their finance is due to expire, leading to alternative options being required.

Its imperative suitable advice is provided and action taken in what can be a difficult environment, to protect clients from default, penalties, or forced sales.

Case Study

Our client had completed on a Development Exit Facility some 12 months previously, allowing the existing debt to be refinanced and sufficient cash released to support the residual works required on the multi unit freehold block of flats. In that time the client had completed all works and readied the property for market.

Problem: The onward sale however had taken longer to progress than planned and the term of the development exit facility was due to expire. Moreover the lender had already leveraged at maximum LTV against the block value meaning no room for any additional support.

Solution: We were able to source terms which relied on the aggregate valuation rather than block value, supporting a refinance onto a retained interest structure, and allowing a further 12 month period to conclude the sale of the units in question.

Our Added Value

• A range of solutions
  We specialise in the cases that don’t fit neatly into a box.
• Flexible structuring
  Our ability to present risk differently opens doors that traditional lenders may close.
• Speed and clarity
  We move quickly, communicate clearly, and keep you updated throughout.
• Protection for your client relationships
  We help you deliver solutions that keep your clients on track and enable you to earn well from the deals.

Supporting You, Supporting Your Clients

It’s a complex fluid market for many businesses and investors, Rebridging offers a solution that can help navigate the challenges.

If you’re seeing clients who are stuck, stressed, or running out of time, please contact a member of the Omega team as early as possible, and we can try to help find a path forward

0333 600 0007