GB Bank has completed a £6.15 million bridging facility to refinance a prime commercial property in Uxbridge, giving the borrower time to secure longer-term development funding.
The facility was structured over an initial 18-month term, with an option to extend for a further six months, and was delivered in just nine weeks from first enquiry to disbursement, including valuation and legal work.
The borrower, a UK-based entity with a complex offshore ownership structure, was nearing the expiry of an existing loan.
GB Bank provided a bespoke refinancing solution to repay the outstanding debt, allowing the borrower to continue progressing plans for future development finance without disruption.
The loan was arranged using a hybrid interest structure, with part of the interest serviced and part retained. The approach was designed to provide flexibility while balancing immediate cash flow requirements with longer-term planning.
Pankaj Thukral (pictured), chief lending officer 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.”
