Project Details
Jumbo Bridging were approached by a client that needed funding to complete a purchase and development of a 10th Country Estate located east of London. The property was used as a hotel/wedding venue and the client had plans to develop the surrounding land to increase the capacity.
The initial bridge of £2.1m to purchase the property was not a problem but the client wanted a funding partner who would see the deal all the way through to conclusion. This involved waiting for the relevant planning consents to be approved during the term of the bridge and then converting to a £3m development finance facility for the duration of the build.
Jumbo Bridging were able to provide the client with a full funding package that gave them security to undertake the complex planning application require for a property of that stature. Planning has now been granted and we are in the first phase of the development.
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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