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BRYDG complete three financing deals with legal advice from Cripps

3 Jun 2020

Cripps is delighted to have advised BRYDG Capital Limited on three financing deals in quick succession.

The transactions included an £11m development facility on a residential scheme in East London, a £2.5m loan to refurbish a super-prime apartment, and a £7m bridging loan to refinance a super-prime apartment in Central London. The latter deal, which originated during lockdown, was completed in just three weeks and provided the borrower with more time to sell his property. All deals completed during lockdown.

Ajoy Bose-Mallick led on the transactions, working with Jason Tann, Kathryn Baumgartner and Alex Gallyer.

Ajoy commented: “We are proud to have been able to assist BRYDG with the completion of these transactions, particularly in such complex market conditions. The completion of one of these deals in just three weeks is a testament to the hard work of the team. This experience gives us confidence that we can continue to help clients make bold financial moves even through the most unprecedented environments.”

David Hodara, associate at BRYDG, added: “It’s a great achievement to be able to perform during these difficult times with valuation and search indemnity. These deals were made possible because of the hard work and understanding from our advisers. Many thanks to Cripps, Opes Financial Limited and Jaswal Johnston”.