GB Bank completes £3.5m refinance for Monaco-based expat

22 January 2026

GB Bank has successfully delivered a £3.5 million refinance facility with Silver Oak Capital Debt Advisory, for an expatriate client based in Monaco, secured on a prime asset in the highly sought-after location of Bayswater, London.

A key requirement was to refinance without the need for Assets Under Management (AUM), a condition often required by private lenders.

In addition to the cross-border nature of the case, the borrowing structure added further complexity. The asset was held via a British Virgin Islands (BVI) entity, but GB Bank’s experienced in-house team, alongside its trusted panel of solicitors, was able to navigate the offshore structure with precision and speed.

GB Bank is a UK-licensed specialist lender empowering ambitious property investments with finance solutions, providing lending up to £20 million in tailored funding for UK companies, individual investors, and foreign nationals. This includes those with complex structures, unique properties, or unconventional borrowing needs.

Pankaj Thukral, CLO at GB Bank, commented:

“This deal showcases the strength of our international lending capabilities. We were able to understand the client’s position, and remove unnecessary barriers, to deliver a solution that respected the timeline, complexity, and structure of the transaction.

“GB Bank was chosen as the preferred lending partner due to our ability to move quickly, combined with our specialist understanding of expatriate and offshore lending, and our commitment to working collaboratively to deliver the deal within the required timeframe.

“With expertise in handling high-value and cross-jurisdictional lending, this is yet another example of how GB Bank continues to support international investors in securing and refinancing prime UK property assets.”

Connor Dooley, Senior Associate at Silver Oak, commented:

“Working closely with the GB Bank team ensured a smooth and timely completion despite the cross-border complexities. We are grateful for the collaborative mindset and common-sense execution, particularly from Adnan Ali, whose leadership was instrumental in delivering a successful outcome”