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BRIDGING LOANS TO BUY LAND

FINANCE FOR LAND PURCHASE FROM €500,000

WHAT IS A LAND BRIDGING LOAN?

LAND BRIDGING LOANS

A bridging loan is a vital financial tool for property investors and developers, offering a swift and effective solution for short-term funding needs. Designed to ‘bridge’ the financial gap in property transactions, it’s instrumental in Ireland’s competitive property market for quick and efficient purchases, such as auction buys, quick renovations, or seizing time-sensitive property deals.

Typically, these loans are short-term, ranging from a few weeks to about 12 months, and are secured against property assets. Their quick arrangement, often within days, is a significant advantage.

Bridging loans require collateral, usually the property in question. A clear exit strategy for repayment is crucial, be it through selling the property or securing longer-term financing. This makes them an optimal choice for Irish investors and developers who need to move rapidly within the market, ensuring they don’t miss out on lucrative opportunities.

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WHY CHOOSE NOVELLUS FOR FINANCING LAND?

As a leading independent provider of land bridging loans in Ireland, we utilise our own funds to ensure quick approvals, flexible conditions, and exclusive land financing solutions tailored specifically for Irish investors and developers. Additional benefits of choosing our specialised services include:

  • Loans for land with or without planning.
  • Flexible rates as we define the criteria.
  • Loans from €500,000 with no maximum limit.
  • Swift and easy process thanks to our experienced team.
  • Accepting imperfect credit (subject to due diligence).
  • No external approval on our terms so we can offer and issue funds faster.
  • Looking at each application on a case-by-case basis, even if the land does not have any existing planning permission.
  • Consider land in Ireland that comes with existing vacant premises, even if they are not currently generating income, for asset repositioning. 

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USING BRIDGING FINANCE TO BUY LAND

In Ireland’s competitive land purchase market, property investors and developers must act swiftly when they identify suitable land for their projects. Other than enabling quick purchase, land bridging loans can be used as a valuable financial tool in different situations:

  • Quick access to cash in competitive bidding situations like auctions.
  • Funding the initial stages of a building or development project on a piece of land before obtaining long-term financing.
  • For the renovation or improvement of existing structures on land, increasing its value for resale or rental.
  • Cover the costs associated with obtaining planning permission for development projects on the land.
  • Used for buying building sites which are usually sold quickly, as it can take months for long-term finance to be arranged.
  • To settle any outstanding debts or loans against the land, often as part of a refinancing strategy.
  • Used to buy the land, obtain planning permission and then sell it on to another developer or refinance with another development lender.

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KEY CONSIDERATIONS

During the loan approval process, the borrower needs to evidence a robust exit strategy which is crucial in determining the viability of the loan from a lender’s perspective. 

Common exit strategies include selling the developed properties built on the land, the sale of the land after planning has been granted and long-term refinancing options where the borrower secures a more permanent financial arrangement to replace the bridging loan. 

A well-thought-out exit strategy reassures lenders of the borrower’s ability to successfully manage and conclude their financial and development plans.

Novellus underwrite on a case-by-case basis with no restriction on criteria so if an opportunity is financially viable – we have the funding to support you. However, Novellus are unable to offer loans against an individual’s personal place of residence, as this is a regulated loan.

Find out more

To help discover the approximate costs involved with bridging finance use our online bridging loan calculator for guidance.

Novellus offers a stress-free application process.

To find out if you qualify simply call us today on +353 1 531 4237 or fill out our quick enquiry form below.

Quick Enquiry

Any data you provide Novellus Finance will be used in the decision making and processing of any future loan. The data we collect will be shared with our legal representatives and potentially other third parties to assess your suitability and for future transactions on any loan(s) with Novellus Finance. We will hold information securely for up to 7 years after your contract with Novellus Finance ends. Should you wish for us to delete all traces of data we hold about you after your contract expires or should you wish to request details of data we hold about you please email [email protected]

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Ireland
Contact

100 St. Stephen’s Green, Dublin, D02 EP84

+353 1 531 4237
[email protected]

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©2023 Novellus Finance is a trading style of Novellus Finance Limited registered in Ireland.
Company No. 710946. Registered address: Novellus Bridging, 100 St. Stephen’s Green, Dublin, D02 EP84

THINK CAREFULLY BEFORE SECURING ANY DEBT AGAINST YOUR PROPERTY. YOUR PROPERTIES MAY BE AT RISK IF YOU DO NOT MEET THE COMMITMENTS OF YOUR LOAN