Quantum by Bridgebank Capital has completed a £9.1 million short term loan advance involving complex off shore ownership structures for a successful high net worth, non-domiciled investor 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.
Whilst an initial loan advance has been provided to the borrower, Quantum by Bridgebank Capital have 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.
As with all Quantum by Bridgebank Capital cases, our senior team met with the borrower and their professional team at a very early stage to ensure that a full understanding of the case and the borrower’s requirements was gained and that we were able to appropriately structure the facility in line with these requirements.
Carl Graham, Sales Director commented:
“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.
The quality of the team involved enabled us to progress this case swiftly and without delay”.
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