Property finance expert GB Bank has announced the completion of its largest loan to date, a £12m specialist residential funding solution for Savoy Projects LLP.

The transaction, named Savoy Place, marks a significant milestone for the bank and demonstrates its ability to complete high-value deals in tight timeframes.

The loan will be used to refinance the development of a 62-apartment complex in Farnborough.

Despite the tight timeframe required by the borrower, who had been let down by a previous lender, GB Bank was able to complete the transaction in just 12 working days from initial enquiry to drawdown.

Ankush Sehgal, partner at Savoy Projects LLP, said: “We are delighted to have secured this significant financing from GB Bank. Their speed and flexibility were crucial in completing this transaction, particularly after facing challenges with our previous lender.  

“We will certainly be back in touch with GB Bank for any future funding requirements.”

Pankaj Thukral, Chief Lending Officer at GB Bank, added: “This deal highlights our ability to move quickly and decisively to support our customers. By working seamlessly across multiple teams, we were able to deliver a swift and efficient service for Savoy Projects LLP.”

GB Bank’s specialist residential funding solutions are designed to exceed the needs of property developers and investors. With a focus on speed, flexibility and expertise, the bank is committed to providing tailored solutions to support its clients’ growth ambitions.

For more information on GB Bank’s lending services, please visit our broker's page or borrower's page.

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