Lender competes £9.1m bridge

Published on

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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...

LendInvest raises £300m through latest Mortimer securitisation

LendInvest has completed its eighth Mortimer residential mortgage-backed securitisation, securing £300 million of funding...

TMG adds Gable Mortgages to lender panel

TMG Mortgage Network has added Gable Mortgages to its lender panel, giving member firms...

Latest publication

Other news

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...