Project Details
Our client needed funds to help complete a barn conversion which would provide a large workshop/office space for his firm to operate from. Unfortunately, the client had been declared bankrupt a few years previously which prevented him from obtaining development funding from any high street lender.
Jumbo Bridging was able to look into the history behind the bankruptcy and take a view that the risk posed was minimal. The barn also had some onerous planning restrictions in place which prevented other lenders from funding the deal. Again, Jumbo Bridging were able to assess the client’s development plans with their legal team and decide that they wouldn’t be in breach of the restrictions.
Funds were made available to clear the first charge and cover all the build costs. The client exited the bridge 2 months early through a traditional commercial mortgage.
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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