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Capital A and Dragonfly close £62.5m bridge loan to take out ‘called-in’ Co-op debt

Capital A Finance and Dragonfly Property Finance have written a £62.5m bridge facility to refinance a called-in Co-operative Bank senior loan, secured by a £100m-valued portfolio of prime residential central London owned by an offshore private family.
By James Wallace
September 12, 2013 | 1:00 AM

This is one of the first Co-op’s loans to be refinanced, following the UK mutual’s proposed recapitalisation strategy announced in June and which has led to the decision to call in loans in breach of covenants.

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