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• Rudy Mehta is from Rockbridge Lending, a private credit lender that provides bridge financing, particularly for more complex or "out of the box" deals that traditional lenders may not consider.
• Bridge financing is short-term financing, typically 3-18 months, used to "bridge the gap" between two events like a property sale or refinancing. It is faster and more flexible than traditional bank financing.
• Rockbridge's sweet spot is loans of £1-5 million. They charge 1.25-5% per month, with 1-3% arrangement fees, depending on the deal risk and security.
• They have completed deals in as little as 5-6 working days, though more complex deals can take 1.5 months due to legal work and current market conditions.
• Rockbridge looks at a range of commercial opportunities beyond just prime residential, including land, businesses, and other assets as security.
• The current market has slowed exit timelines for borrowers, as refinancing and sales are taking longer. But Rockbridge remains active in providing flexible, fast financing solutions.
Let me know if you need any clarification or have additional details you'd like me to include in the summary.
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