Jumbo Bridging working with lending partner Lendy Finance have closed their second £3m plus loan in as many months taking their completed deals total to nearly £10m of new lending since the end of 2015.
This recent loan was to support a Moscow based developer building a £5.5m luxury residence in Leatherhead, Surrey.
Commenting from their Dubai HQ Jumbo Bridging and London Bridging Finance CEO Chris Dailly said:
“This remarkable deal total in such a short space of time further cements Jumbo Bridging’s commitment and expertise in completing high quality large bridging loans with new and exciting lending partners such as Lendy Finance. Liam Brooke and Tim Gordon and the rest of the team at Lendy know exactly what it takes to do large bridging loans as they are a completely different type of scenario to the rest of the bridging finance market and have a whole host of different issues from borrowers being in different geographical locations and having various exotic legal and trust structures so dealing once again with Lendy who understand these complexities was a real pleasure and given the continued strength of the high end bridging loan market I am sure we will do many more deals together”