Hope Capital Property Finance launches Max Net product for semi-commercial and commercial properties
Leading short-term lender Hope Capital Property Finance has launched its new Max Net bridging loan product, which is specifically designed to give borrowers maximum upfront liquidity from day one.
Created to address the growing demand for flexible and accessible funding solutions, Max Net enables borrowers to access not only the funds required towards the purchase of an asset, but also an immediate initial refurbishment drawdown following completion – helping projects commence without unnecessary delay.
Originally the product was available on residential assets only, this enhanced offering is also available across semi-commercial and commercial property types. It offers 75% net LTV on residential property at 0.89%, and 70% net LTV on semi-commercial and commercial property at 0.99%. This approach ensures that the borrower has confidence knowing they have secured funds and can comfortably progress the project through to successful completion.
Key features include:
- Available on residential, semi-commercial and commercial properties
- Can be used for purchase, refinance and capital raise, alongside works
- Residential – 75% Net LTV at 0.89%
- Semi-commercial – 70% Net LTV at 0.99%
- Commercial – 70% Net LTV at 0.99%
- Works will be forwarded funded throughout the loan term
- Flat, fixed rate applicable regardless of the size of the scheme
- Refurbishment funds are released on the same day the monitoring agent’s report is received, whether conducted remotely or in person
- Dual legal representation available up to £750k
- No upfront legal undertaking available up to £1m
- Full title insurance
- No exit fees
- Flexible payment options
- Up to 100% build costs covered
- Loans from £100k-£5m
- 3-15 month term
Kim Parker, director of Lending Operations and Commercial Strategy at Hope Capital Property Finance commented: “In the current climate, confidence in funding is more important than ever for those looking for bridging finance. With the launch of Max Net, borrowers’ will be able to access maximum upfront liquidity on residential, semi-commercial and commercial properties without delay.”
“For borrowers embarking on refurbishment projects, speed is crucial, having funds available from day one is vital, not just for the purchase, but to get works underway immediately. That’s exactly what Max Net delivers, and why we anticipate huge demand amongst both our existing clients, and new borrowers.”
By offering the maximum LTV and forward funding works throughout the term, Max Net delivers borrowers a secure way of accessing maximum initial funds, ensuring they can embark on their project without delay.