Central Bridging secures major new funding line
Central Bridging has recently obtained access to new “game changing” funding lines.
Central’s expertise and strong reputation for completing and managing large and complex cases has helped them to secure these lines, which are dedicated to the provision of some of the sectors largest ever loans, ranging from £5 million to £50 million in a single transaction.
Ideally suited for both UK and Overseas investors these new “Jumbo Loans” can be secured against both residential and commercial properties. They are available at market leading rates, with loan to values of up to 65% of open market value on residential and 60% on commercial and semi-commercial property. Terms can be from 3-24 months with rolled up or serviced options available.
With no maximum property value, these loans are generating considerable interest from a wide range of clients, including UK & overseas, as well as offshore companies and trusts that remain keen to invest in London.
Within the last week, Central have issued terms on a £30 million loan on a commercial property in Canary Wharf and a £17 million loan on a residential property in Zone 1.
John Clifford, pictured, Managing Director, Central Bridging said:
“We have a team with the skill-set and knowledge needed to complete these exceptionally large loans quickly. Crucially our new funders allow us to retain full decision-making autonomy in house ensuring that we can offer an initial Director’s decision and terms within hours.
Finding lenders that will consider these Jumbo Loans against high value, single unit properties and won’t impose a maximum property value has been all but impossible in recent years so I’m absolutely delighted that we can now offer this unique and exciting product proposition to our professional colleagues.”