The bridging lender has confirmed the new funds are only the first part of a multi-faceted package of funding currently being finalised.
Laurence Goodman, managing director of Bridgebank, said: “Having placed a huge amount of effort and commitment into securing the right structure of investment business I’m delighted to have secured this first tranche of funding.”
And in line with its growth strategy for 2013 the lender will be relocating to new head offices in Heaton Mersey on Wednesday 28 November.
The new location will give Bridgebank greater flexibility for additional staff to help support its expansion plans to increase its bridging loan book and to introduce additional new products for 2013.
These new products will include development bridging products and consumer loan products.
Goodman added: “I’m thrilled that we have been able to secure new premises that offer us the flexibility and size to help achieve Bridgebank Capital’s future goals.”