Gareth Rees of GDP Funding shared, “This joint effort showcases the importance of robust alliances and adept deal executions. Chris and his squad have surpassed our client’s hopes, and we’re eager for more joint ventures with Recognise going forward.”
Recognise Bank has happily reported the completion of a £1.5 million bridging loan transaction for David Samuel Properties, a North West-based property investment and management firm.
The bridge loan was crucial in securing a partially unoccupied contemporary office complex located within a top Harrogate business park. The investor intends to lease the empty spaces and eventually switch to a long-term loan after the purchase.
Chris Stevens, Business Development Manager at Recognise Bank, remarked, “We are thrilled to back DSP’s investment. Their distinguished status and acumen in the real estate domain are perfectly in sync with our dedication to backing superior regional property investors in Manchester and the North West.”
The partnership saw close collaboration between Recognise’s team and Broker Gareth Rees from GDP Funding, who reported, “This partnership underlines the importance of solid partnerships and smooth operations. Chris and his team have shown exceptional performance, fulfilling more than what our client anticipated. We are looking forward to future projects with Recognise.”
A representative from David Samuel Properties expressed, “It’s a pleasure to finalize this acquisition and to have sealed our first deal with Recognise Bank. We’ve been rightly assisted by them and our finance broker, GDP Funding, throughout the process and are eager to strengthen our ties in upcoming ventures.”
