GB Bank relaunches commercial lending and increases maximum loan size to £25m
The specialist bank will provide funding for investors purchasing or refinancing income-generating commercial properties, offering both short-term bridging finance and longer-term commercial lending facilities.
GB Bank has relaunched its commercial lending proposition and increased its maximum loan size from £20m to £25m.
The specialist bank will provide funding for investors purchasing or refinancing income-generating commercial properties, offering both short-term bridging finance and longer-term commercial lending facilities.
It will also be able to combine bridging and term finance within a single funding structure.
GB Bank said the proposition was aimed at professional property investors and would consider a range of commercial investment assets at up to 65% loan-to-value (LTV), including retail units, office buildings and mixed-tenancy properties.
Funding is available to individuals, limited companies, Special Purpose Vehicles (SPVs) and trusts.
The bank said its ability to combine bridging and term finance would allow it to structure funding across different stages of a transaction, including property purchases, portfolio refinances, refurbishment works and longer-term investments.
Loans are available from £1m to £25m across mainland England, Scotland and Wales, with applications assessed on an individual basis.
Intermediaries will be able to work directly with GB Bank’s lending team from initial enquiry through to completion.
Pankaj Thukral (pictured), chief lending officer and deputy CEO, at GB Bank, said: “GB Bank’s commercial investment lending proposition is a direct response to conversations we’ve been having with intermediaries, who have told us they want greater support with commercial property opportunities.
“Commercial property transactions rarely fit neatly into a box. Borrowers increasingly need a lender that can take a holistic view of an opportunity and structure funding around the asset, the borrower and their longer-term objectives.
“Our specialist lending team understands the complexities that can come with commercial investment transactions and works closely with brokers to structure facilities that meet the needs of both the borrower and the asset.
“With bespoke underwriting and dedicated support available on loans from £1 million to £25 million, brokers can be confident that their cases will receive a clear and considered response.”
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