Bridging Just Got Better: Extended Terms and Higher Limits Now Available

Got clients juggling multiple loans - such as credit cards, personal loans, and mortgages?

With the launch of extended terms (up to 24-months) and increased maximum loan limits (up to $10M), bridging now provides more breathing room than ever before to simplify repayments and regain financial control.

Take this scenario for example; where a homeowner consolidated all their existing loans into a single bridging loan ahead of selling their property and refinancing into a long-term solution.

In this scenario:

• The client’s existing home was used as security.
• Multiple loans, including credit cards and a personal loan, were consolidated into one loan.

This provided short-term relief, reduced interest costs, and allowed the client to focus on their next move. Here's how we structured the loan:

• Loan amount: $720,000
• LVR: 60%
• Loan term: 12 months
• Security: Client’s existing home
• Purpose: Consolidation of multiple debts ahead of selling and refinancing

Think you’ve got a scenario that bridging could help with? Schedule a call today.

If you’d like to know more about what Connective Bridge has to offer, please reach out to your Connective Lending Manager or your Connective Bridge BDM.