CASTLE TRUST BANK COMPLETES ON £1.3M REFINANCE LOAN WITHIN 9 HOURS OF MAKING OFFER

09 August 2024

Castle Trust Bank has recently completed on a £1.3m refinance loan on a large MUFB in London within 9 hours of issuing the offer. A rapid turnaround was required on the case, and the quick turnaround was achieved through dedicated efforts by their internal team, and new legal partner Russell-Cooke Solicitors.

Anna Lewis, Commercial Director – Lending at Castle Trust Bank said, “We were delighted to be able to get this urgent case over the line so quickly for this client. Our new dual-rep arrangement with Russell-Cooke helped smooth the path for the transaction, and our use of DocuSign ensured there were no last-minute hitches when it came to signatures. It’s a great example of how our knowledgeable and dedicated internal team works closely with our business partners to help achieve their clients’ goals.

Mark Toland, Senior Associate at Russell-Cooke added, “This was one of our first completions with our newest lender partner Castle Trust Bank, and it turned out to be one of our fastest yet. The experience, speed and communication from all involved ensured that the £1.3m dual-rep refinance, which absolutely had to happen that day, meant that our borrower avoided hefty interest and penalty payments from their existing lender. I’m looking forward to working with the team at Castle Trust Bank on future cases.”