Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.
GB Bank Delivers £33m London Bridging Facility in Seven Days
GB Bank has completed a £33 million bridging finance facility secured against a mixed-use London property portfolio, delivering the funding within seven days to meet an exchange deadline. The transaction was arranged in partnership with broker SHC Capital and involved an established property investor with more than £500 million in real estate holdings.
The facility was structured to unlock equity from an unencumbered portfolio of income-producing assets, enabling the borrower to exchange on a subsequent acquisition within the same seven-day timeframe. The security for the loan comprised income-generating assets with strong occupancy levels.
Professional advisers involved in the transaction included Simon Noonoo, partner at Seddons, who provided legal support, and Simon D’Arcy at Savills, who acted as valuer within the compressed timeline. The deal required close coordination between the lender, broker, legal advisers, and valuers to meet the demanding schedule.
This transaction highlights the continued availability of bridging finance for established investors with strong asset bases, even as regulatory requirements evolve in the property sector. The deal also reflects ongoing activity in London’s commercial property market, where experienced investors continue to pursue portfolio expansion strategies. Bridging finance remains a key funding tool for time-sensitive transactions where traditional mortgage products cannot meet compressed timelines.
Source: PropertyWire