Quantum by Bridgebank Capital completes £5.4m bridging loan
Quantum by Bridgebank Capital has completed a £5.4 million short term loan advance to an international, high net worth investor; with proven experience in developing luxury new build residential property.
The property, a high end development, located in a prestigious housing estate in the South East had been completed and all build regulations fulfilled, prior to Quantum by Bridgebank Capital being approached for the funding required to repay the outstanding development facility. Whilst the loan advance provided by Quantum has facilitated repayment of the development loan, the 12 month facility agreed has also provided the time and flexibility required to secure a sale on the completed development.
Within only a matter of hours of receiving the enquiry, Quantum by Bridgebank Capital senior management team met with the borrower and their professional team to gain a full understanding of the case and the borrower’s requirements. As a result of this meeting, we were able to appropriately structure the facility and provide the funding required within only 17 days of an offer being issued.
Regarding this case, Carl Graham, Sales Director commented:
“Nigel Taylor, the Underwriter on this case worked extensively with the borrower and Introducer to ensure the funds were drawndown 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”.