InterBay Commercial has teamed up with Brightstar Financial to expedite a loan of over £18m that facilitated the transition of a professional landlord’s portfolio into a corporate structure.
Brightstar’s client had seen their anticipated lender withdraw funding without any prior notice and at the eleventh hour. With the possibility of penalties from the existing lender, Brightstar immediately contacted InterBay.
The case, involving 130 properties and legal entity transfers, was completed in 31 days after it was introduced to InterBay.
Rob Jupp (pictured), CEO of Brightstar Financial, said: “It’s difficult to put into words my gratitude to the teams at InterBay Commercial who pulled out all the stops to enable our client to meet the original completion deadline, even though they inherited it from another lender.
“They added value at every stage of the process and I am delighted to be a partner of InterBay and OneSavings Bank.”
Adrian Moloney, sales director of OneSavings Bank, added: “It was truly a great effort from the whole team and everyone who touched this case at any stage played their part.
“It is a true example of the hard work and determination that our teams at InterBay and OSB deliver for our broking partners.”