Bridgebank Capital’s large loan brand Quantum has completed a £10.95m bridge on a portfolio of prime London properties at 30% loan-to-value.
Some of the London properties are undergoing redevelopment works for a non-domiciled, non-resident, high net worth borrower.
Carl Graham, sales director, said: “This completion demonstrates Quantum by Bridgebank Capital’s ability, along with our professional support teams and underwriters; Chris Edwards and Nigel Taylor to deliver against borrower requirements, whilst overcoming a range of complex issues that may have deterred other lenders.”
The loan was provided to complete a debt refinancing arrangement agreed with the borrower’s previous term lender.
The properties are held within a complex structure of offshore companies and trustco’s, as Bridgebank Capital worked with international counter parties to look into the offshore company’s and trust arrangements.