Record week at GB Bank following plethora of new deals

After seeing our lending solutions off to a strong start earlier in the year, we are delighted to have just hit a record figure of deals completed in just one week! 

It’s been almost a year since we achieved our full UK banking licence and while the growing pipeline clearly demonstrates the popularity and demand of our product offering, it’s fantastic to see the ever-increasing flow of completions.  A true testament that GB Bank is delivering on its purpose – Building communities across the UK 

Here’s a rundown of a £2.5m deal which is just one of many that helped us hit new heights.

Lightning-fast turnaround time in Wolverhampton

One of the key deals of the week was providing a residential bridging solution to a client in the Midlands in a rapid turnaround time. This £2.5m loan was very much aligned with our purpose as it was spread across two assets which will have a positive ESG (Environmental, Social and Governance) impact in the local area. 

Our bridging finance solution is helping fund the provision of social housing in West Bromwich and additional land with residential planning for further social housing. Both sites will positively support the local community and economy and drive local regeneration. 

From initial conversation at the NACFB Expo, to application and drawdown, our team managed to get this over the line in under five weeks. We offer dedicated Relationship Managers to each deal so borrowers can get that personal and devoted approach to ensure our lending solution is tailored precisely to the customer’s needs and completed quickly and efficiently, as was the case here. 

GB Bank Chief Commercial Officer, Rob Lankey, said: “We’re over the moon to have just had our record week of lending solution completions. GB Bank is just shy of the one-year anniversary of our full banking licence so it’s suitably timed and a great illustration of how far we’ve come in the first year.

“As a business, our mission has always been to make a difference in under-served communities and really put people first. This deal, and many of the other recent completions, are aligned with our ethos with both sites providing ESG value, supporting social housing and making a difference to the local economy – it ticks all the boxes. 

“We are incredibly proud of our recent completion achievements and we are excited to see more of the deals in the pipeline come into fruition. It’s been a fantastic first year as one of the UK’s newest banks and we have ambitious plans set for the remainder of 2023 to ensure we continue to go from strength to strength.” 

You can find out more about our flexible lending solutions here and make sure you stop by our Meet the Team page to see all of the colleagues who are making GB Bank the growing success it is!