Bridgebank Capital’s high value bridging lending arm Quantum has £9.1m short-term loan involving complex off shore ownership structures.
The loan was for a successful high net worth, non-domiciled investor and was delivered within 11 working days.
The short-term loan, secured against a prime central London residential investment property, has provided the funding required for repayment of an existing loan facility and the completion of extensive property redevelopment works.
While an initial loan advance has been provided to the borrower, Quantum has provided the option of a further drawdown facility to enable to the completion of additional works to the property during the nine month loan term.
Carl Graham, sales director at Bridgebank and Quantum, said: “The borrower and professional team involved in the case – including their accountant, main site contractor and solicitors – were extremely professional, knowledgeable and committed to progressing this case.
“It was the quality of the team involved that enabled us to progress this case swiftly and without delay.”