GB Bank delivers £6.15m bridging loan to support commercial refinancing
Structured over an initial 18-month term with an option to extend for a further six months, the facility was delivered from first enquiry to disbursement in nine weeks.
GB Bank has completed a £6.15m bridging facility to refinance a prime commercial asset in Uxbridge, providing the borrower with time and flexibility to arrange long-term development finance.
Structured over an initial 18-month term with an option to extend for a further six months, the facility was delivered from first enquiry to disbursement in nine weeks, including valuation and legal work.
The borrower, a UK-based entity with a complex, multilayered offshore ownership structure, was approaching the expiry of an existing loan.
GB Bank stepped in with a solution to refinance the outstanding debt, allowing the borrower to continue working towards their development funding requirements without disruption.
The facility was arranged using a hybrid interest structure – part serviced, part retained.
Pankaj Thukral, CLO at GB Bank, said: “This is a perfect example of how GB Bank is able to combine agility, specialist knowledge, and commercial awareness to support borrowers in time-critical, complex scenarios.
“From the outset, we adopted a creative approach to the loan term, ensuring clarity on both sides whether or not the development finance materialised within the projected timeline. This foresight prevented any surprises and aligned the facility with the borrower’s evolving objectives.
“The transaction also involved a complex offshore structure, but our experienced team, working closely with solicitors, was able to navigate the legal and regulatory intricacies to complete the deal efficiently.
“By structuring a flexible solution around a non-standard offshore entity, we enabled the client to take control of their next phase with confidence.”
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