Quick financial support for your real estate project
As an entrepreneur, you want to be able to seize opportunities in the real estate market immediately. With a real estate loan from Swishfund, you quickly have access to the necessary financing. This way, you can seize every opportunity without having to wait.
What we stand for
Reliability is second nature to us. For a fintech company,we’re remarkably approachable, with a get-things-done mentality that sets us apart.
We carefully consider every application as a unique opportunity to support your business and. with our no-nonsense approach, you always know exactly where you stand.
Speed
Just like you, we believe in speed and taking action. That’s why you can apply for a business loan with us in just 5 minutes, and for loans below £75k you may receive the funds in your account within 24 hours.
Convenience
You want to apply for a loan quickly and easily. That’s why we only ask for minimal business details. With a secure bank connection, you simply give one-time consent for us to see 12 months of bank transaction. This way, you can keep moving forward and focus on what you do best: running your business.
Transparency
We value clarity, whether it’s about our rates, our processes, or our service. Got questions? Feel free to give us a call, we’re always happy to help.
What is a real estate bridging loan?
We can fund property acquisitions, refurbishments, development top ups, and other real estate investments by commercially active businesses.
We can offer 3 months of interest-only repayments, and then normal repayments will need to resume. Due to the straight-line basis of our repayments, and no early settlement fees we are the perfect bridge, especially if you only need funds for a very short time.
We don't do pure bridging i.e. bullet loans, but if your business has regular income (from rents etc.) then we can fund that business, which may then hive down the funds to an SPV in the group on any intra-group lending terms it wishes.
We have already helped 7,000+ entrepreneurs
Swishfund Ltd is a subsidiary of our Dutch parent company,Swishfund B.V. (a regulated business in The Netherlands).
As a Group of Companies, we have the following results so far....
Why a real estate loan?
Swishfund's real estate loan offers a solution when opportunities arise. It bridges the gap between now and the completion of your final financing. This allows you to maintain peace of mind and financial flexibility without missing out on opportunities.
Business real estate financing arranged quickly
At Swishfund, there are no long waiting lists, but immediate action. Buying real estate requires speed, before the property slips away. We ensure you quickly have the funds to make that valuable investment.
Real estate loan repayment: simple and flexible
At any stage in the term, you may repay the entire amount in one lump sum. There are no early settlement fees, and interest is applied on a straight-line basis (rather than amortising). This Swishfund the best option if you intend to settle your loan early.
Also, we can take bulk payments. For no extra costs, fees or charges we can use your bulk payment to:
- provide an immediate payment holiday as the bulk payment is used up, or
- apply to the bulk payment to the end of the term so your loan finished early and you have less interest to pay, or
- reduce the amount that you pay on all your subsequent scheduled payments.
How does a real estate loan work?
A real estate loan gives you the financial flexibility to quickly seize opportunities. Swishfund makes arranging your bridging loan easy.
Application: Borrow up to £400,000, with terms ranging from 3 to 24 months.
Apply easily online: Non-binding proposal: We'll review your application within 24 hours, and a representative will contact you with a proposal.
Payment and repayment: After signing the contract, the money will usually be in your account within 24 hours.
Early settlement: With no fees, and settlement amount that is pro rata to the amount of the term that has passed.
We are happy to help you
Do you have questions or need assistance with your business loan application? Our expert team is here to help.
We’re available on weekdays from 9:00 a.m. to 6:00 p.m.
Want to know more?
Once you have accepted an offer from us, there are a few Know-Your-Client steps that we must take, but for loans up to £75k we can have the funds in your bank within a couple of hours of your acceptance. For loans above £75k up to £400k, we can deposit the money into your business account within 48 hours.
The application itself takes 3 minutes. After a working day, we will contact you by email or phone to discuss the first results. Based on this, we may request additional information. We strive to have the money in your business account within 24 hours for loans less than £75k, and within 3 working days for loans up to £400k.
For more information on the application process click here.
You can only use the loan to finance any legitimate business activities. Due to our very favourable early-settlement terms, Swishfund is the“perfect working capital bridge” for your financial needs. You can read more about our loan purposes here.
Yes, you can.
If you wish to make a bulk payment, we can (a) apply those funds to the end of the loan, thereby saving you some interest, or (b) apply those funds to the next few payments, pausing the direct debit until the funds are used up, or (c) reduce the amount of each of your future repayments.
You can always repay the whole of the loan earlier too. We do not charge any early settlement fees, but you still must pay the agreed interest to the end of the calendar month of settlement. We charge interest on a straight-line basis (rather than amortising like many other lenders), which means that we do not front-load the interest, and when you are halfway through the term of a Swishfund loan you will have repaid half of the amount you borrowed.
The cost of your loan comprises a one-off arrangement fee and a monthly interest rate. The amount of these costs is a percentage and therefore depends on the amount you wish to borrow. The arrangement fee is added to the loan, so you do not need to make any payment to have your application assessed or to receive the funds.
The arrangement fee covers our marketing and operational costs. The amount of the arrangement fee may be split with your finance broker, if applicable.
The monthly interest is determined based on your company's risk profile and ranges between 1.1%-3% per month based on the total loan amount. You can read more about how interest is calculated here.
We only provide loan funds to limited companies that are registered at Companies House in the United Kingdom, and that have a business bank account. In addition, our customers must have a turnover of at least £50,000 in the past year, and have filed at least one set of Annual Accounts at Companies House.
For more information on the necessities for a loan application click here.