GB Bank has announced that it has arranged a £3.5 million refinance for a Monaco-based expatriate client, in partnership with Silver Oak Capital Debt Advisory. The loan is secured on a prime property in Bayswater, London.
A key requirement was to refinance without the need for Assets Under Management (AUM), a condition often required by private lenders.
In addition to the cross-border nature of the case, the borrowing structure added further complexity. The asset was held via a British Virgin Islands (BVI) entity, but GB Bank’s experienced in-house team, alongside its trusted panel of solicitors, was able to navigate the offshore structure with precision and speed.
Pankaj Thukral, Clo at GB Bank (pictured), said: “This deal showcases the strength of our international lending capabilities. We were able to understand the client’s position and remove unnecessary barriers to deliver a solution that respected the timeline, complexity, and structure of the transaction.
“GB Bank was chosen as the preferred lending partner due to our ability to move quickly, combined with our specialist understanding of expatriate and offshore lending, and our commitment to working collaboratively to deliver the deal within the required timeframe.
“With expertise in handling high-value and cross-jurisdictional lending, this is yet another example of how GB Bank continues to support international investors in securing and refinancing prime UK property assets.”
Connor Dooley, senior associate at Silver Oak, added: “Working closely with the GB Bank team ensured a smooth and timely completion despite the cross-border complexities. We are grateful for the collaborative mindset and common-sense execution, particularly from Adnan Ali, whose leadership was instrumental in delivering a successful outcome.”
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