Quantum by Bridgebank Capital has completed a £7.73 million short term loan advance against a Central London residential investment property, for a BVI registered company.
The loan facility has been advanced for a period of six months, which together with funds invested directly from the ultimate borrower personally, provided the funding required to settle a bank facility that had been in dispute for a number of years and which had caused the company to be placed into Administration.
In addition to overcoming the complexities involved with lending to a BVI registered company with a non-domiciled beneficiary and complex Trust structures, Quantum by Bridgebank Capital was required to complete the loan within limited timescales in order to fulfil the borrower’s requirements. This was successfully delivered due to both the expertise of the Quantum team at Bridgebank, and their team of Solicitors, which included specialists in the area of non dom companies and trusts.
Following direct meetings with the borrower and their professional team, Quantum by Bridgebank Capital were provided with all the information required in a highly professional approach to the tasks ahead, which of course provided full transparency between all parties; and as a result, were able to successfully progress the loan from the date of acceptance of the offer to completion, actually within five working days.
Carl Graham, Sales Director commented:
“The team at Quantum by Bridgebank Capital are committed to working closely with our borrowers, their professional teams and our own professional partners to ensure that we are able to fulfil borrower requirements on all cases.
The experience and expertise within the team enables us to fully appreciate the requirements of a case and structure a facility in line with these”.