bridging finance main 1

Benefits that accrue to construction finance borrowers across Australia

Bridging is the requirements of short term finance that has been arranged until long term funding (or sale) can be put in place.

If you have a temporary cash-flow problem that arises from the common situation of having to wait to sell an existing property to buy a new property then Lightspeed may be able to assist.

Scenario: Business Purchase Deadline

The client had to settle on a business purchase and his bank did not approve the transaction in time. The client’s transaction was at risk and he approached Lightspeed with a week to go to settlement date. The bridging loan was approved using a second mortgage over his residence and the client settled on time. Business finance approval took a further two months and Lightspeed was paid out.

you may also like to learn more about second mortgage loans here