InterBay, part of OSB Group, has completed a £10.8m owner-occupier remortgage covering four commercial properties in London and Kent, arranged through broker Synergy Commercial Finance.
The transaction refinanced warehouse storage and retail units, with the new arrangement secured at a lower interest rate than the client’s existing facilities. The rate reduction provides additional capital for further investment opportunities, according to the parties involved.
Deal structure
InterBay specialist finance account manager Simon Ward worked with David Kay at Synergy Commercial Finance to structure the transaction. The lender’s underwriting team addressed a policy exception related to the reletting period of one unit by reviewing the client’s wider business position.
The deal encompassed refinancing of four commercial properties across London and Kent, a reduced interest rate compared with previous arrangements, and additional capacity for future business investment.
Marc Callaghan, head of commercial lending at InterBay, said the case demonstrates how owner-occupier finance can support business development. “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,” he stated.
David Kay, director at Synergy Commercial Finance, noted InterBay’s approach throughout the transaction. “Their proactive approach and commitment were instrumental in getting this deal completed,” Kay said.
Market context
The transaction reflects ongoing activity in the commercial property refinancing sector, where businesses seek to optimise existing property holdings through rate reductions and improved lending terms. Owner-occupier finance remains a component of commercial property investment strategies, particularly for portfolio expansion.
