Dragonfly completes offshore deal in 5 days

Nia Williams

January 3, 2013

The borrower, based in the British Virgin Islands, had a broker located in Barbados, a solicitor in France and a super-prime security in London.

Jonathan Samuels, chief executive of Dragonfly, said: “The fact that the loan was arranged so close to Christmas and that the key parties were scattered all around the world shows what can be achieved if the right team and introducer are in place.”

Dragonfly allowed the borrower to be represented by its own solicitors who spent a day ay the Dragonfly office to ensure the deal was completed on time.

Paul Munford, chief executive of the acting broker firm MCIFA Property Finance, said: “Dragonfly pulled out all the stops to make this deal happen. Logistically it was challenging to say the least but everyone dug deep and somehow it came together in under a week.

“Dragonfly have a reputation for speed, even with more complex and sizeable loans, and this deal certainly reinforces that.”

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