InterBay, part of OSB Group, has completed a £10.8m owner-occupier remortgage for broker Synergy Commercial Finance and its client, supporting the expansion of a growing commercial property portfolio.
The transaction refinanced four commercial assets made up of warehouse storage and retail units across London and Kent. The new arrangement was secured at a lower rate than the client’s existing facilities, giving the business additional headroom to pursue further investment opportunities.
InterBay specialist finance account manager Simon Ward worked with David Kay at Synergy to structure the case and meet the client’s requirements.
InterBay’s in-house underwriting team also supported the deal, addressing a policy issue linked to the reletting period of one unit that required an exception. By reviewing the client’s wider business position and applying a flexible underwriting approach, the lender moved the case through to completion.
The deal included:
refinancing four commercial properties across London and Kent,
a reduced interest rate compared with previous arrangements,
additional capacity for future business investment.
Marc Callaghan, head of commercial lending at InterBay (pictured), said, “This case highlights how owner-occupier finance can play a vital role in supporting business development, a key part of InterBay’s proposition.”
“Thanks to the expertise of Simon and our underwriting team, we were able to deliver a funding solution that met the client’s ambitions despite a policy challenge. We’re delighted to support the next phase of the client’s business expansion.”
David Kay, director at Synergy Commercial Finance, added, “InterBay were exceptional throughout, with particular thanks to SFAM, Simon Ward and the underwriting team.”
“Their proactive approach and commitment were instrumental in getting this deal completed. They consistently went above and beyond to ensure steady progress, acting as true partners rather than passive facilitators.”
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