Bridge Lending

Overview

Castlestone Investments Ltd is a specialist bridging lender self-funding its commercial, residential, and mixed-use loans. Founded 60 years ago and active in lending since 2019, the team at Castlestone brings decades of property experience to the way it provides funding. Borrowers benefit from dealing directly with Directors

Credentials

  • Self-funded: Rapid, flexible lending decisions. No credit committee to slow us down
  • Developer’s perspective: Strong track record in sourcing, acquiring, and managing real estate and in assessing associated risk, affords us a unique developer’s perspective. This enables us to bring real benefits and added value to our borrowers
  • Social impact: Favours projects addressing climate change, affordable housing, employment, and community wellbeing
  • Personalised service: Hands – on pragmatic approach and prioritise attention to detail
  • Qualified leadership: Our Directors bring a wealth of experience and qualification to their respective roles understanding both Specialist Property Finance and Accounting

Product Details

  • Property Types: Commercial, residential, mixed-use, and refurbishment projects
  • Loan Size: £100,000 to £350,000
  • Charges: 1st and 2nd charges considered
  • Regulation: Not FCA regulated
  • Interest Rate: From 0.9% per month
  • Max LTV: 80%
  • Loan Term: 3 to 18 months
  • Geographical Area: England with a focus on the South East
  • Early Redemption: Viewed on a case by case basis

LENDING CASE STUDIES

Providing finance for a complex conversion in Hastings

Providing finance for a complex conversion in Hastings

Background: The client had acquired a large empty former College building in the town centre with a complex Head Lease and Title structure. Planning consent had been obtained to convert it into multiple student accommodation and holiday let units and he needed a fast solution as a contractor was on standby. Exit was via sale of individual units, with contracts already exchanged. We extended the initial loan term which gave him the flexibility to complete on his timescales.

Size: £400,000

Loan Term: 12 months

LTV: 45%

Security: First Charge

Supporting an auction purchase in Brighton

Supporting an auction purchase in Brighton

Background: The client had just exchanged on a flat in need of modernisation with only a 2-week completion period. We provided a fast solution, lending without a formal valuation. We were satisfied that he met Buy to Let criteria for refinancing, exit was to be either sale or refinance.

Size: £150,000

Loan Term: 6 months

LTV: 70%

Security: First Charge

Providing finance for a Buy to Let renovation in London

Providing finance for a Buy to Let renovation in London

Background: The client owned a semi-detached 1930’s house on a Buy to Let and required finance for renovation. To minimise delay, we lent without a formal valuation.

Size: £100,000

Loan Term: 6 months

LTV: 69%

Security: Second Charge

Rescuing a portfolio investor in Oxford

Rescuing a portfolio investor in Oxford

Background: A client in Oxford with a residential portfolio faced receivership and needed to raise cash to repay debt. We did not require a formal valuation and met the borrower in person to review and inspect the underlying assets.

Size: £400,000

Loan Term: 6 months

LTV: 50%

Security: First Charge

Providing finance for short term completion in Surrey

Providing finance for short term completion in Surrey

Background: Our client, an established investor with a strong track-record, had exchanged on a house purchase in Leatherhead with imminent completion. He needed a quick bridging loan for completion and onward sale. The 6-month term provided coverage in the event that the onward sale fell through.

Size: £400,000

Loan Term: 6 months

LTV: 58%

Security: First Charge

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