Just Bridging Launches
A Broker channel
Just Bridging has been launched as an exclusive broker/intermediary channel providing flexible bridging products.
Just Bridging Director, John Davies explains, "Our main product, PortfolioBuilder, can provide landlords and property professionals with up to 100% funding because we aren't lending purely on the value of property portfolios.
"We offer flexible solutions not available from main lenders - our underwriting is based on the business model and this means we are not restricted to the level of LTV. We are a niche player providing a niche product with a different business model and funding lines."
A typical example of how PortfolioBuilder has already helped property professionals is the case of a developer who was in the business of buying and selling properties at auction or below market value.
However, he found himself fully committed due to LTV limits.
Within his property portfolio he had over £2M of equity, so Just Bridging was happy to step in and provide him with a substantial credit line to help him continue to be opportunistic.
John adds, "When we revealed PortfolioBuilder to brokers and intermediaries the response was very positive and we received a lot of requests to market it on an exclusive basis."
Date Issued 29 June 2015.
Just Bridging Launches offering flexible bridging solutions from £26,000 to £2M