Project Details
Our client had secured an option on an excellent development opportunity on the outskirts of Edinburgh. The site had planning for 5 new houses and 5 existing houses were to be refurbished. The finished development would have a GDV in excess of £3m.
The purchase price for the site was £700k with build costs of circa £1m. The client had some adverse credit history relating back to the fallout from the 2008 credit crunch which meant he was unable to secure high street finance easily. We were able to take an open minded approach to his credit history which allowed us to progress the application. After confirmation by the valuer and QS we were able to contribute £350k to the purchase and provide 100% of the build costs.
Jumbo Bridging is funded directly through private wealth but also has access to venture capital funds and hedge funds, meaning that we have an unlimited source of capital for your project or venture. Terms and interest rates offered to depend on the amount of funding required and loan term but start from just 0.75% per month, in many cases interest payable can be ‘rolled up’ into the loan for an agreed period.
1745
HAPPY CLIENTS
3513
LOANS COMPLETED
£783m+
IN LOANS
20+ Years
INDUSTRY EXPERIENCE
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