GB Bank has completed its largest loan to date, a £12m specialist residential funding solution for Savoy Projects LLP.
The loan will refinance the development of Savoy Place, a 62-apartment complex in Farnborough.
The borrower had been let down by a previous lender, but GB Bank was able to complete the transaction in 12 working days from initial enquiry to drawdown.
Ankush Sehgal, partner at Savoy Projects LLP, said: “We are delighted to have secured this significant financing from GB Bank.
“Their speed and flexibility were crucial in completing this transaction, particularly after facing challenges with our previous lender.
“We will certainly be back in touch with GB Bank for any future funding requirements.”
Pankaj Thukral, chief lending officer at GB Bank, added: “This deal highlights our ability to move quickly and decisively to support our customers.
“By working seamlessly across multiple teams, we were able to deliver a swift and efficient service for Savoy Projects LLP.”
