Albatross Capital launches two new products




Albatross Capital has introduced two new bridging products to support clients amid complex market conditions.

The first offering – a ’48-hour rescue bridge’ – provides loans to clients who have had funding pulled from other lenders at the eleventh hour.

In this scenario, Albatross claims it will step in and complete the deal within 48 hours.

The product offers loans between £75,000 and £10m for commercial, residential, and mixed-use properties.

Finance goes up to 75% LTV, with first- and second-charge lending options available, while rates range between 0.85% and 0.89%.

The second product – a two-year fixed-term bridging loan – provides loans between £75,000 and £5m for residential properties and primary residences used for business purposes.

Rates range between 0.9% and 1%, with LTVs capped at 65%.


The lender said it created the products amid high demand for solidity of funding costs amid ever-changing market conditions.

Lewis Casserley, principal and co-founder of Albatross Capital (pictured above, left), said: “The market is speaking to us and we’re listening.

“The two new products by Albatross are testament to our continued and relentless focus on ever improving our offering to meet the needs of the bridging finance industry.

“We’re in an exciting position whereby we remain a commercially minded team of decision makers, our funding lines are more supportive than ever, and our fixed-rate offerings are up there with the most competitive within the market.

“It’s in times like these that existing relationships are cemented, and new ones are born."

 

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