Pluto Finance broadens bridging offer
Pluto Finance has just launched its refreshed bridge lending product range. Key changes include the ability to price as low as 0.49% per month and lend up to 77.5% LTV. The specialist property lender can also now offer 2-year bridge loans as standard, with loan sizes from £1m to £30m+.
Pluto Finance has raised over £250m of additional institutional capital this autumn to boost its bridge lending capacity. It can lend against any asset type – including sites, development exit, office, retail, care homes and hotels.
Simon Chapman, lending director, comments: “We are delighted to offer the most flexible short-term finance in the market. Our new low rates are proving particularly attractive for development exit. We are very competitive in providing large bridge loans requiring a bespoke approach.”
Recent Pluto Finance bridge loans include a £12.0m development exit loan for a completed scheme in Harlow, £3.7m against a site in West London and £2.0m for a barn conversion in Hertfordshire.
