A long term client of Jumbo Bridging required assistance in completing his latest hotel development in the heart of Shoreditch. The site had been purchased for £10m and the development was at an advanced stage. All the work to this point had been paid for using the client’s own funds.
However, due to unforeseeable circumstances the client’s liquidity was severely restricted temporarily. Jumbo Bridging were able to step in quickly and provide a facility of £2m needed to finish the final stages of the £15m hotel development. This kept the project on time and on budget and provided some much needed breathing space for our client to sort out his finances.