£7.8M Bridging Loan for Land Helps Developer Secure Strategic Brownfield Site

A £7.8M bridging loan for land enabled an experienced developer to acquire a strategically located brownfield site while preparing a wider redevelopment strategy for the property.

Key Details:

• Client: Experienced property developer
• Challenge: Secure a strategic brownfield site while redevelopment plans and longer-term funding were being prepared
• Loan Amount: £7.8M

The Opportunity

The client identified a sizeable brownfield site close to an established commercial and residential area. The site included an older commercial structure that was no longer suited to the client's intended use.

Its location and scale made it an attractive addition to the client's development pipeline, but the acquisition needed to complete before the full redevelopment strategy and associated funding package had been finalised.

The Bridging Solution

Global Bridging Finance arranged a £7.8M bridging loan for land, allowing the client to complete the acquisition while progressing the next stage of the project.

The lender assessed the site's current value, location, existing structures and development potential, alongside the client's experience and proposed exit strategy.

The facility provided the client with the time required to undertake further planning, design and technical work without delaying the acquisition.

The Exit Strategy

The primary exit was intended to be longer-term development finance once the redevelopment plans and associated requirements had been progressed.

A secondary exit involved the potential sale of the site to another developer if the client's investment strategy changed.

The Outcome

The bridging loan for land allowed the developer to secure the brownfield opportunity while continuing to develop the longer-term plans for the site.

The case demonstrates how land bridging finance can provide short-term funding where an attractive site needs to be secured before planning, technical work and permanent development finance are fully in place.