Quantum by Bridgebank Capital has completed a £9.1 million short term loan advance involving complex offshore ownership structures for a 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.
While 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.
Carl Graham, sales director at Quantum by Bridgebank Capital, 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.
“The quality of the team involved enabled us to progress this case swiftly and without delay.”