Bridgebank completes £10.95m loan

Quantum by Bridgebank Capital has completed a £10.95m short-term loan against a portfolio of prime London properties.

During the underwriting process, the Quantum team worked extensively with a number of international counterparties and advisors involved in the lending process.

This was because the borrower was a non-domiciled, non-resident and the properties were held in a complex ownership structure of offshore companies.

Quantum was able to cross-collateralise on additional security and provide the funding required at a 30% LTV.

Carl Graham, Sales Director at Bridgebank, said: “This completion demonstrates Quantum by Bridgebank Capital’s ability, along with our professional support teams and underwriters; Chris Edwards and Nigel Taylor to deliver against borrower requirements, whilst overcoming a range of complex issues that may have deterred other lenders.”