InterBay lends £30m on 400-property portfolio

InterBay Commercial, part of OSB Group, and SPF Private Clients have completed a £30m facility secured against a mixed-use portfolio comprising over 400 properties in central and northern England.

The client required the funding to refinance and raise capital on their portfolio consisting of a variety of residential investment property types, including apartments, houses, HMOs, and small and large blocks of flats.

Solicitors were brought into the process from an early stage to ensure the borrower’s requirements could be met due to the complex company structure.

Adrian Moloney, group sales director at OSB Group (pictured above), said: “This was an extremely complicated loan, but one InterBay was able to accommodate due to the team’s in-depth technical expertise and knowledge.

“Communication was key, and everyone involved worked together to satisfy the requirements of the mortgage offer and to complete the loan and release the capital requested within the client’s timeline. 

“It’s a great example of the strong relationship and trust that InterBay has built up with SPF Private Clients and further illustrates the expertise and innovation that InterBay brings to multifaceted deals.”

Derek Simpson, director at SPF Private Clients, added: “InterBay has provided a tailored solution to a very complex funding requirement, and considerable work has been undertaken by all parties to deliver an outcome the client is delighted with in record time.”

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