Our client secured an option on a potentially lucrative plot of land which had planning approved for 100+ residential apartments. The vendor had number of interested parties but granted the client the option on the condition that he could complete within 30 days.
The client chose to engage Jumbo Bridging because of their reputation for quick decisions. We visited the site the day after we received the enquiry and quickly ascertained that it was an excellent asset. We arranged for a re-type of the existing valuation report and instructed lawyers within 24 hours of the site visit.
Funds were drawn down 5 days later and the client was able to complete well within the allotted time.