London Bridging Finance secures £100m facility

London Bridging Finance and Jumbo Bridging have secured a £100m revolving credit facility for high risk bridging loans in the UK.

The facility is believed to be the first in the UK to actively target high risk loans but to offer funding at normal bridging loan rates.

Chris Dailly, CEO of London Bridging Finance and Jumbo Finance, said: "The industry has seen a huge amount of change over the last 5 years, and as such, we have been at the forefront of providing an offering that is something unique amongst an ever increasingly crowded market place.

“We feel that this new strategy sets our stall out as something fresh amongst our peers and will, we are sure, continue to push London Bridging and Jumbo Bridging Finance to the forefront of the bridging finance marketplace."

 

The facility has been funded by a private investor in Dubai – where London Bridging Finance and Jumbo Bridging’s parent company, CAS FZ LLP, is based.