Central Bridging

Central Bridging secures new funding lines for 'jumbo' loans

Central Bridging has obtained new funding lines to offer 'jumbo' loans.

The funding will allow the bridging lender to provide loans from £5m-50m in a single transaction.

These  can be secured against residential property at up to 65% LTV and commercial and semi-commercial properties at up to 60% LTV.

John Clifford, managing director at Central Bridging (pictured above), 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.”

Terms can be from three to 24 months, with rolled up or serviced options available. 

Central Bridging recently issued terms on a £30m loan on a commercial property in Canary Wharf and a £17m loan on a residential property in Zone 1.  

“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,” added John.

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