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Interbridge Loans to enter bridging market

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  • 04/10/2018
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Interbridge Loans to enter bridging market
Interbridge Loans has launched a range of non-regulated bridging products for the residential and commercial property sectors in England and Wales.

 

Interbridge Loans will offer bridging loans from £200,000 to £5m for a term of up to 12 months, and heavy refurbishment loans with a term of up to 24 months, with a loan to value (LTV) up to 75%.

All loans are principally secured by a first charge over property.

The lender said that it has swiftly developed an infrastructure to ensure sustainable reliability and confidence among the financial intermediary and borrower communities.

Interbridge Loans will work with individual borrowers, limited companies, as well as UK and non-UK nationals.

Sven Peter, CEO and founder of Interbridge Financial Group, said: “IB-Loans is our Group’s direct lending product specifically targeted at the mid-market broker community. We 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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