John Clifford

Central Bridging launches luxury asset-backed bridging loans

Central Bridging has introduced a new asset-backed bridging offering.

The loans are secured exclusively against luxury assets, making them ideal for high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients.

Acceptable asset classes include gems and jewellery, bullion, US Treasury certificates and UK gilts.

The new product will enable borrowers to access working capital and achieve their goals without having to rely on traditional bank funding or bricks-and-mortar security.

Central claimed that its longstanding expertise in managing large and complex cases ensured a seamless, individually tailored and completely discreet processes for clients.

John Clifford, managing director at Central Bridging, said: “We have been delighted by the response to our new asset-backed loans.

“With funders that allow us complete autonomy, we can make initial asset suitability checks and then move quickly to arrange a valuation while concurrently agreeing a [logistical storage] plan with the client.

“Expert partners enable us to move quickly to completion and crucially, once redeemed, we will ensure assets are returned to the client equally quickly and efficiently.

“This is a superb way to unlock the value of assets that might otherwise simply be gathering dust locked away in bank vaults.”

With loans available from £1m-25m over periods of three to 24 months, Central Bridging claimed that the loans were already proving popular with both overseas and UK-based clients.

Since the beginning of April, Central Bridging has issued terms on over £20m of asset-backed bridging loans with security including gems and US Treasury certificates.

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