Debt Financing – The Cost of Using a Bridging Loan

There are very many ways to refinance your debt, but one of the best ways to do it is by Debt Bridging. The first cost for doing this is around a 1% rate. That rate however, is close to the other ways to refinance your debt. There may be other rates that occur during the beginning or end. For example, there is an exit fee that you may have to pay. If you are trying to access more funds, it will be more expensive.

Key Takeaways:

• Bridging your loans is one way to finance it. It does come with higher interest rates.
• If you are going to bridge your loans, make sure you know what the proper fees are going to be.
• Even with the extra costs and fees, debt bridging is usually a good idea.

“Today Rory and Amy discuss the cost of debt financing and try to pin down exactly what an average bridging loan would cost a property developer to make use of.”

Read more: https://www.propertyinvestmentsuk.co.uk/debt-financing-the-cost-of-using-a-bridging-loan/