Bridging lender launches new division for big ticket developments

Newly launched lender Elysium Bridging has announced its entry into the London private client market.

The new Elysium Private Clients division aims to assist high-net-worth property developers secure short-term funding for big-ticket sites within the M25.

The news comes just months after Elysium’s launch in March.

“With funding for sites in prime central London still hard to get hold of, this unique product will appeal to those experienced developers and property entrepreneurs that wish to take advantage of the many deals that can be done in London if one has access to quick, high-volume, flexible property finance,” said Paul Gammond, CEO of Elysium.

The bridging funds will be provided direct to property entrepreneurs by an ultra-high-net-worth private bank.

Loans will start at £1m, but Elysium is keen to see deals north of £5m.

The lender is offering rates of 7-8%, with loans based on open market value of between 60-70% with a 2% completion fee and no exit charges.

“We are looking at big-ticket residential properties for EU and non-EU clients,” Paul added.

Those interested in the offering should contact either Paul directly on 07500 959 596, [email protected] or Leigh Goodman on 07970 416 767.

Leave a comment