Bridgebank completes £9.1m loan in 11 days

Specialist lender Bridgebank Capital has completed a £9.1m loan to a high net worth investor.

The nine-month loan, completed in 11 working days and secured against a prime Central London property, was used to repay an existing loan facility and complete work on a property redevelopment.

Carl Graham, Sales Director at 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.”

Bridgebank also gave the investor the option of a further drawdown facility to enable the completion of extra work during the loan’s term.

The deal was completed through Bridgebank’s ‘Quantum’ brand which was launched last year, and manages all the group’s transactions over £1m.