Arranging Bridging Finance in The Bahamas

Bridging loans are short-term loans that last for a few weeks to around 36 months at maximum. Lenders use your Bahamas property as collateral for the loan, and because the underwriting and legal processes are much faster than with a mortgage, you can draw down funds in just one to two weeks.

• Loan amount: $100,000 to $10,000,000+
• Property: Residential and commercial real estate, including high-value housing
• Term: 2 to 36 months
• Up to 70% LTV
• Borrowers: Individuals, businesses, special purpose vehicles, trusts, etc.
• Uses: property purchases, development, and equity release

Bahamas bridging loans are available to anyone who owns Bahamian property – you don't need to be a full-time resident or citizen of the Bahamas to qualify for this type of loan, provided you meet the lending criteria set by the lender. We can arrange this type of finance secured against both residential and commercial property.

Bridging loans are less restrictive than mortgages, and while you can use them to purchase property, you can use them in many other ways. Borrowers frequently use bridging loans to complete real estate deals rapidly, usually before you have sold an existing home to finance an additional purchase. Here, bridging finance essentially gives you the capital you need to buy a new property before your old home has sold. Bahamas bridging finance is also ideal if you want to complete a property purchase quickly and can't secure a mortgage fast enough to conclude the transaction and take ownership of the property as soon as you'd like.

You can also use bridging loans to release equity from property you own in the Bahamas. Here, the lender will use your Bahamian property as security for the loan. You can use the finance to purchase additional real estate, expand your business, consolidate debt, renovate and so on.

You can draw down funds from a bridging loan much faster than other types of finance, and we can arrange and complete Bahamas bridging finance deals in two weeks or less – it's one of the fastest ways to borrow. This makes this type of finance ideal if you have a deadline or need to release equity from your Bahamian property quickly. If you need a Bahamas bridging loan quickly, get in touch. We'll go above and beyond to ensure you have the capital you need as soon as possible. We'll connect you with the best deals on the market via our network to help you access funds in the minimum timeframe.

Through our network, we arrange bridging loans of any size in the Bahamas, and can negotiate deals from $100,000 to $1 million and multi-million-dollar deals. When it comes to how much you can borrow, the LTV that lenders offer can vary depending on why you need Bahamas bridging finance, your net worth or wealth, the value of your property and your exit. Most lenders offer a maximum LTV of about 70%, but some may offer less. We will always be working to connect you with the parties that can help you maximise the amount you can borrow and minimise your costs.

Rates begin at around 1% PCM, but as with LTV, this can vary between lenders. Lenders usually have similar rates overall, but there will be considerable differences between each offer, which will add up over the lifetime of the loan. There's also plenty of room for negotiation, so working with an intermediary to help you arrange the loan iis worth your while. The cost of a Bahamas bridging loan isn't only restricted to the rate, however, and you will need to understand the other costs you'll need to cover. Additional fees include:

• Legal costs
• Arrangement fees
• Arranging the valuation of your property
• Potentially absorbing any additional costs decided upon by the lender

Through our network, we can connect you to offers in just 1-2 days, and we will help you draw down the funds as soon as possible – usually in a couple of weeks. Some lenders are used to working with professional services providers and advisory teams. We can arrange that you're connected with the lenders that can work with your team if you want a bridging loan via a corporate entity or structure.

While they're often described as a type of mortgage, there are some key differences between a mortgage, which is a conventional type of lending, and a bridging loan. You must understand these if you're considering this type of borrowing.

Because bridging finance is a short-term loan, you won't repay what you've borrowed as a mix of capital and interest the same way you would with a mortgage. Instead, you'll need to repay the loan capital as a lump sum when your loan ends. As a result, lenders will carefully examine your exit strategy to ensure you have the capital you need to pay back what you've borrowed. You can do this by selling the property your Bahamas bridging loan is secured against or refinancing with another lender. There are other options for repayment, and if these are feasible, lenders can also consider these.