"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"
- Pankaj Thukral - GB Bank
GB Bank has announced that it has completed a £6.15 million bridging facility to refinance a prime commercial property in Uxbridge, giving the borrower additional time and flexibility to arrange long-term development finance.
The loan was structured over an 18-month initial term, with an option to extend by six months, and moved from first enquiry to disbursement in just nine weeks, including valuation and legal work.
The borrower, a UK-based entity with a multilayered offshore ownership structure, was nearing the expiry of an existing loan. GB Bank provided a tailored solution to refinance the outstanding debt, allowing the client to continue progressing toward development funding without disruption.
The facility used a hybrid interest model, combining a serviced portion with a retained element. This structure offered flexibility while supporting both short-term cash flow management and longer-term planning.
Pankaj Thukral, CLO at GB Bank (pictured), 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.”
