Central Bridging sees rise in Central London activity
Central Bridging has quoted £75M of loans in just over a week, including a £28M loan on a £60M residential property in Mayfair. With the valuation completed and the overseas client having already flown into London for legal advice, completion of this particular deal is imminent.
Central’s expertise and reputation for completing and managing large and complex cases has allowed them to access funding lines dedicated to the provision of some of the sectors largest ever loans.
Ideally suited to both UK and Overseas investors, these loans can be secured against both residential and commercial property and with no maximum property value they are generating considerable interest from both offshore companies and trusts that remain keen to invest in London.
Further loans quoted in the last week include a £22M loan on a commercial property in Canary Wharf, £14M against two Knightsbridge residential properties and £7M on another residential investment property in St Johns Wood.
John Clifford, Managing Director, Central Bridging said:
“With funders who allow us to retain full decision-making autonomy in house we can offer an initial directors decision and terms within hours. Thereafter, our team has the vast experience and knowledge needed to complete these large and unique loans quickly.
Our brokers have told us that finding lenders who will consider very large loans against high value, single unit properties without imposing a maximum property value has been all but impossible in recent years. Thanks to our funding lines the impossible has now become possible”