Large drawdowns and redemptions, correctly referenced
Fewer payments, each very large. A drawdown or a redemption on a bridging loan is a six or seven figure movement where getting the reference and the destination exactly right matters more than anything, because a misdirected large payment is a very bad day.
High value, low volume, high stakes
Bridging does not have a collection schedule like consumer lending; it has a handful of large, discrete movements. The drawdown when the loan completes, the interest servicing in some structures, and the redemption when it is repaid.
The stakes per payment are high. A large sum to the wrong account, or landing without the reference that ties it to the facility, is not a reconciliation nuisance, it is a serious problem.
And the parties, solicitors, borrowers, counterparties, expect same-day movement at completion, with everything referenced so their side reconciles too.
The payment mix that fits
Not one rail. The two to four that match how money actually moves here.
Move large drawdowns and redemptions the same day, with Confirmation of Payee before funds leave.
Hold and reconcile each facility, so every large movement is referenced to the deal.
Your flow of funds, orchestrated
At completion, the drawdown moves over Faster Payments, with a Confirmation of Payee check before the money leaves and a reference that ties it to the facility. Interest and the eventual redemption move the same way. Each facility sits in a settlement account so every large movement reconciles to the deal on one ledger, with a clean audit trail for a small number of high-value payments.
Every book moves money differently. We map your flow of funds and quote one integration across the rails that fit.
Related
Payments for commercial property and bridging: FAQs
Confirmation of Payee checks the destination before a large sum leaves, and every movement carries a reference tying it to the facility, so a misdirected or unreferenced large payment is far less likely.
Yes, over Faster Payments, which is what solicitors and borrowers expect at completion, with the reference their side needs to reconcile too.
Yes. Even a handful of large movements benefit from reconciling to the facility on one ledger, for a clean audit trail.
Tell us how you get paid
Send us the mix of payments you take and make, and we will quote one integration across the rails that fit, priced on your volume.