Posted on 7.3.14
Gorvins solicitors has acted for its long standing client Bridgebank Capital in the completion of a £10.8 million bridging loan secured on a Central London property.
Bridgebank Capital views this completion as a benchmark that demonstrates its capability and appetite to deliver large ticket bridging loans.
Martin Hoare, partner and joint head of commercial property at Gorvins, corporate & commercial partner, Andrew Curwen and associate solicitors Samantha Marcus, Daniel Woodcock and Victoria Atkinson, coordinated the deal for Bridgebank Capital. The team dealt with all legal and corporate due diligence on the property and preparing the security documentation required to enable drawdown within a six day timescale.
Upon completion Martin commented:
“It is both exciting and a privilege to be involved with clients undertaking such interesting work as the economy comes round. We are delighted to be able to play our part in enabling transactions such as these to take place”.
Laurence H Goodman FCA, group managing Director of Bridgebank Capital, commented:
“Gorvins have been trusted legal partners for Bridgebank Capital for many years and together we have successfully completed numerous similar projects. This was a complex, high value transaction delivered in a very tight timescale. Gorvins team worked hand in glove with us to achieve the result”.