Interbridge Loans enters bridging market

Interbridge Loans (IB-Loans) has launched a range of non-regulated products for the residential and commercial property sectors via financial intermediaries in England and Wales.

The lender – part of the Interbridge Finance Group – is funded by a combination of principal shareholders’ funds and third-party institutional finance.

It will specialise in providing bridging loans from £200,000-£5m for a term of up to 12 months, and heavy refurbishment loans with a term of up to 24 months.

IB-Loans offers up to 75% LTV on a 180 days open market valuation and all loans are principally secured by a first charge over property.

Lee Carling, formerly of West One Loans and Dragonfly Property Finance, has been named as head of bridging at IB-Loans.

Sven Peter, CEO and founder of Interbridge Financial Group, said it recognised that the UK bridging market was strongly broker-led and that its broker partners were best placed to evaluate borrower needs.

“We are, therefore, focusing on delivering fast and tailored solutions to our [broker] partners. 

“IB-Loans is our group’s direct lending product specifically targeted at the mid-market broker community.”

Sven added that it identified a need in the mid-market for a reliable, speedy loan execution capability with a strong solutions-based approach.

“At IB-Loans, we want to work with brokers and borrowers who embrace our lending proposition and are looking for speedy solutions and reliable funding. 

“Since our principal funding has significant shareholder money attached to it we can make non-conventional deals happen. 

“We bring a lending proposition which is entirely service driven, and our teams are highly experienced, professional and profoundly ethical about everything we do.”

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