Real estate finance specialist SHC Capital has worked with GB Bank to secure a facility for a £33m London property portfolio in just seven days.
The loan enabled the borrower, a property investment group with more than £500m in UK real estate assets under management, to secure a portfolio of retail and residential properties in the capital.
Despite the complexity of structuring finance for a multi-asset, mixed-use portfolio held within an offshore structure, speed of execution was vital. SHC Capital structured a loan which saw GB Bank deliver funding in just seven days.
"When a transaction is time-sensitive, and the vendor is a PLC, it's critical you deliver on time," said Tony Tadros, director at SHC Capital.
"The success of this transaction is a testament to the agility and commitment of Pankaj, Hardik and the wider GB Bank team, who delivered at speed in a high-pressure situation. The team effort also included first-class legal support from Simon Noono, partner at Seddons.
"GB Bank have become a key partner for SHC Capital, and we intend to transact in excess of £100m together this year. They are on an exciting journey, and we are delighted to be working alongside them."
"When we believe in a transaction, we move quickly and act decisively," added Pankaj Thukral, chief lending officer and deputy CEO at GB Bank (pictured).
"Thanks to the precision, professionalism and hard work of SHC Capital, we were delighted to support a first-class sponsor in securing a high-quality property portfolio. We have ambitious real estate lending plans, and with experienced partners like SHC Capital by our side, we are excited about what we can achieve together."
"At GB Bank, we have the capital, expertise and experience to execute under pressure," commented Hardik Gogia, relationship manager at GB Bank. "Working with SHC Capital to structure this complex, time-sensitive loan highlights both teams' ability to perform in demanding circumstances. We are proud to have successfully delivered on time for this large and complex transaction."
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