Central Bridging Loans (CBL), the Midlands-based private lender, is confident the news will lead to funding in excess of £100 million from this funding line in the next 12 months alone, with an eventual increase to £10 million per loan.
This new line of funding represents a major milestone in CBL’s rapid development and expansion into the bridging marketplace.
John Clifford, Managing Director of Central Bridging Loans, commented: “Having spent a number of years refining and creating a bespoke lending model, the virtues of which speak for itself on performance alone, this new funding line is a testament to our abilities and an inevitable progression for us.
“It will allow us to create a further bespoke and niche part of our lending model, specifically targeting prime business at highly completive rates, whilst still backed by the same service standard we deliver across our entire business spectrum. It marks the beginning of an incredibly exciting period for Central Bridging, which could open avenues for us to potentially unlimited funding for this sector of the marketplace.”
Launching as of 1st July 2013, the CBL Prime product will only be available through a dedicated list of preferred packagers.
Leave a comment