Albatross launches new stretched LTV facility

Bespoke property finance lender, Albatross, has launched a new stretched LTV facility.

The specialist lender launched in 2020 and offers bridging loans, refurbishment finance, second charge lending, 48 hour rescue bridges, auction finance and smaller loans.

The new solution provides financing of up to 90% of the purchase price, enabling clients to seize below-market-value (BMV) opportunities and scale their portfolios.

Traditional senior debt facilities typically cap financing at 65% of the gross development value (GDV) or 80% of project costs. 

Albatross’ stretched LTV facility offers up to 90% of the purchase price or 70% of the 180-day value (whichever is lower), with loans up to £3 million and rates starting from 0.85% per month.

This new facility is designed for developers and investors looking to stretch their equity further, enabling them to reduce upfront capital requirements and pursue multiple projects simultaneously.

Albatross recently appointed Christian Gugolz as head of sales and Cameron Linnell as its first regional sales manager, supporting its expansion into the North of England.

Lewis Casserley, co-founder and principal at Albatross, commented: "At Albatross, our focus has always been on delivering innovative finance solutions that give a real competitive edge. The launch of our new stretched LTV facility is a game-changer, designed to help clients move quickly and maximise opportunities in a fast-moving market. 

"By reducing upfront capital barriers and increasing leverage, this product allows investors to act decisively when the right deals arise. Flexibility, speed and efficiency are at the heart of everything we do at Albatross, and this latest addition ensures you have the financial agility needed to scale with confidence."