Bridgebank Capital has completed a £5.4m short-term loan to a high-net-worth investor.
The client had recently completed a high-end development in a prestigious housing estate in the South East and needed to repay the existing development facility.
The 12-month facility, completed through Bridgebank’s Quantum division also gave the client enough time to secure the sale of the development.
Carl Graham, Sales Director at Bridgebank, said: “Nigel Taylor, the underwriter on this case, worked extensively with the borrower and introducer to ensure the funds were drawn down within the limited timescales required.
“Having completed the development facility and using the marketing bridge to facilitate the property sale, the borrower is now in a position where they are able to explore further investment opportunities without delay.”
Bridgebank’s senior management team met with the client within hours of receiving the enquiry and provided the funding within 17 days of an offer being issued.
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