The six-month loan, along with funds invested by the borrower, provided funding to settle a bank dispute that had gone on for a number of years, and resulted in the financial difficulty.
The deal was completed within 10 days despite complex issues with lending to a BVI registered company with a non-domiciled beneficiary, as well as complex trust structures.
It was completed through Bridgebank’s ‘Quantum’ brand which was launched last year and manages all transactions over £1m.
Carl Graham, Sales Director at Bridgebank, 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.”
Bridgebank worked with a team of solicitors that included specialists in non-domiciled companies and trusts.
Following acceptance of the offer, the deal was completed in five working days.
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