Interbridge Loans has issued a new range of non-regulated bridging products for the residential and commercial property sectors.
The lender will provide bridging loans for up to 12 months from £200,000 to £5m and a heavy refurbishment loan for up to 24 months. The loans are offered on up to 75 per cent LTV on a 180-day open market valuation.
Interbridge Financial Group founder and chief executive Sven Peter says: “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.”
This news comes on the same day that Tuscan Capital announced an extension to its own bridging loan product range.