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.
Following direct meetings with the borrower and their professional team, Quantum by Bridgebank Capital was able to successfully progress the loan from the date of acceptance of the offer to completion, within five working days.
Carl Graham, sales director, said: “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.”