When property is your business, expenditure is an inevitability. While the old adage “it takes money to make money” is true of virtually any business, investment in property requires serious capital expenditure before it can pay dividends. Whether you’re a small to medium sized business seeking to purchase and / or develop an office or retail premises or a buy-to-let landlord managing a portfolio of properties, you know that you must be prepared to sink capital into the project long before you can expect to reap the dividends.
In many cases, this can be done with the profits of your organization. In some cases, however, it just isn’t feasible. When you have employees that need to be paid, operational overheads that need to be covered and suppliers who need to be kept happy, further capital investment can seriously stymie your cash flow. Just as a commercial bank can save the delicate balance of your household finances when you’re faced with unexpected expenditure from leaky piping to a blown boiler, so too can the right financial product and lender rescue your business from a cash flow crisis. Greenfield Capital are one such lender. Let’s take a look at the products and services they offer and how they can help your business.
Not to be confused with the binary options broker Greenfields Capital (who have recently been at the centre of some scandal stateside) Greenfield Capital is a Birmingham based and FCA authorised short term development lender. With over 60 years’ experience in lending for commercial, residential and mixed use property and commercial lending, they offer a range of finance options with quick turnarounds for businesses and developers who need their access to cash quickly.
Greenfield Capital specialises primarily in short term loans to aid property developers starting at £26,000 with a limit of £5 million. There are many reasons why developers may need short term bridging loans and all circumstances are considered. Whether for time sensitive cases such as chain breaking and auction purchases, or if you simply need bridging money to facilitate business cash flow or light property refurbishment.
Greenfield Capital’s team of experienced Relationship Managers understand that time is of the essence and can arrange the right financial product for you in a very short space of time. Give them a call and they will be more than happy to talk you through the simple bridging process. In most cases, the underwriting decision is made within one hour of the initial enquiry. Funds are typically released within 7 days of a loan’s approval.
If you are looking to purchase property at auction but do not currently have access to the requisite 10% deposit, they can leverage this against any other properties you may have and release the money quickly to reduce the risk of opportunity loss.
Very often in property development, being able to move quickly on a property or project can make all the difference between success and failure. That’s why Greenfield Capital are committed to bringing flexible short term finance options to developers.