Overview of services and uses of short term finance

1. Short Term Finance – An opportunity to ‘Add Value’ to clients

3. The only Private Finance House in Merseyside and North Wales.

4. Based locally on Wirral, but lending nationally.

5. Group Company Established in 1983.

6. Commercial Finance Funding commenced in 2005

7. Capital Backed by High Street Banks.

8. Over £27m funding arranged in 2008/9.

9. 61 deals funded in 2008/9.

10. Main sponsors of Liverpool Cricket Competition from 2007-2014.

11. Full members of ‘Association of Short Term Lenders’ and Financial Ombudsman Service.

14. Loans to Individuals, UK and Offshore Companies, Trusts and Pension Funds

15. Loans up to 70% of Property Value and 100% with additional security

16. Totally Non-Status – Track Record & Strong Accounts not req.

17. Our primary consideration for case underwriting is the property we take as security

18. Loans can be used for any purpose

19. Loans for 4 weeks to 12 months. Typically 3-4 months.

20. £25,500 to £500k Loan size per individual transaction. Larger loans by discussion.

21. Rates from 1.25% pcm subject to LTV and property / transaction type

22. Loan completion typically within 7-10 Days of enquiry date.

24. Who’s Clients do we Fund ?

25. When can Bridging be used ? Multiple uses of short term funding beyond the traditional house chain breaking. NW Professional practices are typically using our services for their clients for : Residential / Commercial Property Transactions Probate / Inheritance Tax Matrimonial Corporate

26. Residential / Commercial Property Transactions Property Refurbishment / conversion prior to property in mortgageable condition / retentions from surveyor or sites without planning permission. Purchase of property at Auction or requiring fast completion whilst long term funding arranged. Purchase of property at under market value or distressed sales. Purchase of Investment property whilst leases arranged to demonstrate debt servicing to clearing bank or lease extension. Immediate Capital raising from existing property for multiple purposes whilst long term funding arranged or property sold. Avoid early redemption charges from mortgage lenders if property being held for short periods or developers waiting for sales from last development to complete.

27. Probate / Inheritance Tax Owner of Property Deceased and beneficiaries cannot prove income / poor credit history or require funds quickly. Inheritance tax payable before probate granted and Beneficiaries wish to release funds. Bridging facility with interest roll up arranged with executors and legal fees paid. Probate granted, property sold for best possible price rather rushed sale with additional capital gain exceeding finance costs. Short Term funding redeemed from sale proceeds.

28. Matrimonial Divorce proceedings. Client has equity in property that he/she wishes to release for deposit on new property whilst matrimonial home sold. Bridging Loan releases immediate capital for both parties with interest roll up facility. Legal fees paid. Property Sold and short term loan facility redeemed

29. Corporate Satisfaction of Corporation Tax / Crown Debt whilst funds arranged on long term basis or cash flow repays. Immediate capital raising for cash flow injections / purchase of stock / legal fees etc. if overdrafts cannot be extended. IVA & Bankruptcy annulment / avoidance of repossession / Pending receivership & administration – creditors paid. Long term funding subsequently arranged. Business Purchase / MBO’s / MBI’s – capital raising on existing business balance sheet/directors assets whilst due diligence carried out for long term funding package . Corporate recovery / Phoenix business / corporate re-structure funding .

30. Summary This presentation has attempted to give an overview of the typical uses of short term funding relevant to your clients, albeit the diversity and uses extend beyond this ….. “Bridging Finance (NW) Ltd. specialises in providing short term funding solutions to professional introducers’ clients in the North West. We provide a local service to the local professional market.” “UK short term funding market expected top grow from c. £1bn in 2007 to £5bn in 2012 due to changes in finance market” Thank you for your time and Questions ?