{"id":5501,"date":"2020-05-15T13:33:14","date_gmt":"2020-05-15T13:33:14","guid":{"rendered":"https:\/\/swoopfunding.com\/au\/?post_type=knowledge-hub&#038;p=5501"},"modified":"2023-05-22T16:08:03","modified_gmt":"2023-05-22T16:08:03","slug":"re-bridging-loan","status":"publish","type":"knowledge-hub","link":"https:\/\/swoopfunding.com\/au\/knowledge-hub\/re-bridging-loan\/","title":{"rendered":"Re-bridging loan"},"content":{"rendered":"\n<p><em>If your business is approaching the end of the term on a bridging loan, you&#8217;ll need to re-bridge, i.e. arrange a new bridging facility to replace your existing loan. You&#8217;ll can either arrange a bridge extension (loan) or you might prefer to move your loan elsewhere.<\/em><\/p>\n\n\n\n<p>If you&#8217;re looking to refinance an existing bridging loan at a better interest rate, or if your existing bridging loan is coming to the end of its term and you no longer have an exit in place (i.e. something&#8217;s not gone to plan), you have two options.&nbsp;<\/p>\n\n\n\n<ul>\n<li><strong>Remain with your existing lender<\/strong><br>Bear in mind that arranging a loan extension with your exiting lender might work out more expensive, especially if you have to pay an extension or rearrangement fee.&nbsp; Also the term might be much shorter than the original loan, so you might be in the same situation again before long.<\/li>\n\n\n\n<li><strong>Find an alternative lender<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Moving your loan elsewhere might (or might not) be a cheaper and better option in the longer term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If your business is approaching the end of the term on a bridging loan, you&#8217;ll need to re-bridge, i.e. arrange a new bridging facility to replace your existing loan. You&#8217;ll can either arrange a bridge extension (loan) or you might prefer to move your loan elsewhere. If you&#8217;re looking to refinance an existing bridging loan [&hellip;]<\/p>\n","protected":false},"parent":0,"menu_order":38,"template":"","segment":[1628],"acf":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable":"<p>If your business is approaching the end of the term on a bridging loan, you&#8217;ll need to re-bridge, i.e. arrange a new bridging facility to replace your existing loan. You&#8217;ll can either arrange a bridge extension (loan) or you might prefer to move your loan elsewhere. If you&#8217;re looking to refinance an existing bridging loan at a better interest rate, or if your existing bridging loan is coming to the end of its term and you no longer have an exit in place (i.e. something&#8217;s not gone to plan), you have two options.&nbsp; Remain with your existing lenderBear in mind&hellip;<\/p>\n","category_list":"","author_info":{"name":"","url":""},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>If your business is approaching the end of the term on a bridging loan, you&#8217;ll need to re-bridge, i.e. arrange a new bridging facility to replace your existing loan. You&#8217;ll can either arrange a bridge extension (loan) or you might prefer to move your loan elsewhere. If you&#8217;re looking to refinance an existing bridging loan at a better interest rate, or if your existing bridging loan is coming to the end of its term and you no longer have an exit in place (i.e. something&#8217;s not gone to plan), you have two options.&nbsp; Remain with your existing lenderBear in mind&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"","url":""},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/knowledge-hub\/5501"}],"collection":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/knowledge-hub"}],"about":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/types\/knowledge-hub"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media?parent=5501"}],"wp:term":[{"taxonomy":"segment","embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/segment?post=5501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}