Chris Sellars

Bridge Help launches co-funding arm

Bridge Help has launched new co-funding division, Bridge Help Ventures, to offer people the opportunity to fund alongside the lender in short-term commercial bridging loans.

Bridge Help Ventures is offering returns of up to 12% and quarterly interest payments to people looking for an alternative to stocks and shares.

It will bring private funders alongside Bridge Help to fund a short-term loan, while ensuring all interests are aligned and the risk shared. 

All loans are backed by legal charge over property.

The Bridge Help Ventures platform showcases a range of opportunities, including industrial, BTL, leisure, offices and retail property. 

Chris Sellars, chief executive at Bridge Help (pictured above), said: “In a fast-moving market, Bridge Help has offered commercial property investors the chance to act decisively. 

“This has led to an increase in applications which we are now in a position to share via Bridge Help Ventures,” he added.

“What we have seen in the pandemic is that there are people with money who want to do more with it than simply have it stagnate in a bank account. 

“By the same token, they don’t want to take unnecessary risks and incur the expense and worry that goes hand in hand with the stock market and investment property. 

“Co-funders do not incur upfront or ongoing investment costs compared to owning their own investment property. 

“Similarly, property is secured against the loan which means that if the worst happens and the lender defaults on the loan, we can take ownership of the property to recover monies.”

Last year, Bridge Help recruited three new team members and relocated to larger premises in Chesterfield, Derbyshire, in addition to approving more than £10m in UK loans. 

Bridge Help does not offer investment advice.

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