GB Bank has completed a £3.5 million refinance for a Monaco-based expatriate, secured on a prime residential asset in Bayswater, London.
The transaction was delivered in partnership with Silver Oak Capital Debt Advisory and involved a cross-border borrowing structure that included an offshore holding vehicle.
A central requirement for the client was to refinance without the need for assets under management, a condition often attached to private lending arrangements. The property was held through a British Virgin Islands entity, adding a further layer of complexity to the deal.
GB Bank’s in-house team worked alongside its legal panel to navigate the offshore structure and progress the refinance within the required timeframe.
SOLUTION BUILDING
Pankaj Thukral (pictured), chief lending officer at GB Bank, said: “This deal showcases the strength of our international lending capabilities. We were able to understand the client’s position, and remove unnecessary barriers, to deliver a solution that respected the timeline, complexity, and structure of the transaction.
“GB Bank was chosen as the preferred lending partner due to our ability to move quickly, combined with our specialist understanding of expatriate and offshore lending, and our commitment to working collaboratively to deliver the deal within the required timeframe.
“With expertise in handling high-value and cross-jurisdictional lending, this is yet another example of how GB Bank continues to support international investors in securing and refinancing prime UK property assets.”
SMOOTH AND TIMELY
Connor Dooley, senior associate at Silver Oak Capital Debt Advisory, added: “Working closely with the GB Bank team ensured a smooth and timely completion despite the cross-border complexities.
“We are grateful for the collaborative mindset and common-sense execution, particularly from Adnan Ali, whose leadership was instrumental in delivering a successful outcome.”
GB Bank is a UK-licensed specialist lender providing tailored funding of up to £20 million for UK companies, individual investors and foreign nationals, including those with complex ownership structures and non-standard borrowing requirements.
