You could approach a non-bank lender directly seeking finance but the odds that your proposal will fit their business model are quite low. Most non-bank lenders are fishing in different pools. Some will finance commercial property, others residential. Many will advance bridging finance, but some restrict their offering to closed bridging or for deals where security cover is very strong. Some will finance property development but they may specialise in either commercial development or residential development. Some are short term players and some will advance term debt. Some focus on amortisation of debt during the term and others offer more flexibility and may even offer interest roll-up in some circumstances.
To add to the above many have particular requirements regarding borrower type, industry sector, loan amount, gearing level, recourse, pricing and geographic area.
A key part of successful funding is knowing how to structure the deal and which proposal to put on front of which funder. While many finance houses will claim that they start with a blank page and can look at any deal the fact is that they all either have a credit policy which restricts what they can offer or alternatively they have a preferred sector outside of which they don’t operate to any great extent.
We have existing relationships with most bank and non-bank lenders and can apply our experience and expertise to find a solution to your financing requirement, freeing you up to run your business.
Please give us a call on 01 546 1100 if you have a funding requirement.