InterBay and Inspired Lending complete high-value investment deals

Deals include an £8 million London portfolio and a £2 million conversion project in Nottingham

InterBay and Inspired Lending complete high-value investment deals

Two specialist lenders have completed more than £10 million in funding across two property transactions, highlighting continued demand for flexible and structured financing in the commercial and residential investment space.

InterBay finalised an £8 million commercial loan for a portfolio of nine terraced buildings in central London, comprising close to 40,000 square feet of office, retail and leisure space.

The properties, which include four vacant units — one in shell condition — were acquired by an experienced investor with support from broker firm T&T Finance.

The lender, part of OSB Group, structured the loan based on investment value rather than vacant possession value. Legal firm Walker Morris was instructed early in the process, and the deal completed at 65% loan-to-value (LTV) within six days of the formal offer.

“This type of case requires a combination of expertise, flexibility and a solution-based approach,” said Marc Callaghan (pictured left), head of commercial lending at InterBay. “These buildings were originally created for residential purposes and have been converted into various uses over the decades. The complexity came from four of the units being vacant, with one in a shell condition and in need of a full fit out.

“However, with our specialist knowledge, we were able to use the investment value which was backed by our internal Transaction Credit Committee and a number of in-house specialists helped navigate the complex credit situation. It really was a great effort by all involved and a great end result.”

In a separate transaction, Inspired Lending completed a £2 million facility to fund the purchase and residential conversion of a vacant commercial building in Nottingham.

The borrower plans to convert the property into six six-bedroom houses in multiple occupation (HMOs).

The loan structure provided 100% of both the purchase price and development costs, with £900,000 in refurbishment funding released in tranches. Inspired Lending took additional second charge security over three properties owned by the borrower’s directors and shareholders. The deal, introduced by a broker, consolidated multiple intended bridging loans into a single facility.

“This case reflects the kind of structured, practical lending we’re being asked to provide more often,” said Gavin Diamond (pictured right), chief executive of Inspired Lending. “By taking a joined-up view and using additional security, we helped the borrower access 100% funding without the complexity of multiple facilities.

“It’s an approach grounded in common sense, driven by experience, and delivered with speed, clarity and honesty. That way of working has helped us steadily grow our presence in one of the fastest-moving and most competitive parts of the property lending market.”