Secured lender raises £100m of additional funding

Jerrold Holdings raises in excess of £100 million of additional funding
27th September 2013
Jerrold Holdings Limited, secured lender to the residential and commercial property sectors, announces today that, as a result of its £200m bond issuance, it has increased its funding capacity by more than £100m.

Gary Beckett, Group Finance Director at Jerrold Holdings, commented:

“We are delighted at the success of Jerrold’s inaugural bond issuance. In addition to our existing structured securitisation and syndicated loan facilities, this provides an additional source of funding for the Group.”

Jerrold Holdings trades under a number of brands including; Auction Finance, Blemain Finance, Bridging Finance and Lancashire Mortgage and offers both bridging and term secured loans.

Marc Goldberg, Commercial Director at Jerrold Holdings, commented:

"The issuance will provide in excess of £100m of additional funding capacity to allow the business to grow and to support our clients and customers as we continue to see strong demand for our secured lending products across our portfolio.”