Adam Forman, Head of UK Bridging at Novellus, highlights that in the current lending market, speed and certainty of capital are no longer luxuries but critical factors for success:
- Giving Our Customers a Competitive Edge
Novellus operates in the UK and Ireland, offering alternative funding solutions to that of the mainstream banks, secured primarily by real estate. Bridging finance has become an essential tool for property investors, developers, and investors who need quick access to capital.
At Novellus, we understand that time is critical. Accessing mainstream capital can be challenging, whilst many alternative lenders rely on external funding lines, adding layers of bureaucracy, red tape and slow decision-making. Novellus is 100% privately funded so we eliminate these obstacles, and we maintain full control over the speed and reliability of our lending decisions. This provides our customers with a distinct “first mover” advantage, allowing them to act decisively and transact with confidence, knowing that the capital they need is immediately available.
- Flexible, Tailored Solutions
Unlike traditional banks, the Novellus team work closely with each borrower and their advisors to understand their specific needs, tailoraing our loan offering accordingly. Our personalised approach not only accelerates the application process but also ensures we provide solutions that align with our customers’ requirements. Our solicitors are attentive and quick to respond and our flexible, fast, and reliable service is designed to help our customers take advantage of opportunities as they arise, without unnecessary delays.
- Quick Decision-Making
Quick decision-making is crucial. While traditional banks and most alternative lenders often take weeks to assess and approve loans, at Novellus we have streamlined our process to provide an immediate response within hours, not days. Our efficient underwriting process ensures customers receive prompt feedback on loan applications. Sam Kemp, Head of Underwriting at Novellus, explains more about our process here.
Whether borrowers need to complete an acquisition, fund a development or refurbishment project, or refinance within a specific timeframe, Novellus can provide rapid access to capital affording our customers the confidence to proceed.
- Development Projects
Unexpected funding gaps can cause project delays and impact profitability. Whether you’re midway through a refurbishment project or you need capital to start a development scheme, Novellus understands the importance of cashflow. While traditional lenders can take weeks to release funds, we offer quick bridging finance, allowing our customers to continue their projects without unnecessary delays and avoiding costly disruptions.
- Bridge to Term
At Novellus, we understand that flexibility is crucial. That’s why we will often offer existing customers the unique advantage of seamlessly transitioning from a short-term ‘bridge’ product to a longer-term loan once the bridge expires. This allows our customers to secure financing for both immediate needs and long-term stability, without the hassle. Our goal is to provide a reliable, straightforward path to assist our customers in managing their cashflow and confidently plan ahead.
In a market where traditional lenders (and most alternative lenders) simply can’t keep up with the urgency at which borrowers require funds, most borrowers are left scrambling for a solution. At Novellus, we provide the speed, flexibility, and certainty of funding that our customers and their advisors need. Our streamlined process, and certainty of capital ensures that we can deliver reliably and quickly.
If you or your clients are looking for fast and flexible funding, please feel free to reach out with your requirements and we will be happy to appraise.
