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Bridging finance

Developer exit loan needed for project approaching practical completion

  • Development worth £2 million+
  • Comprised of six flats
  • Client needs 75% LTV

An investor needs to secure a developer exit loan for six flats valued at £2.7 million which are due to be completed within the next few weeks. They’re looking for 75% LTV and have had two offers from other lenders.

They approach a broker who has previous experience with InterBay to see if they can help them find a better deal. The broker contacts their local specialist finance account manager (SFAM) to discuss their client’s case. The SFAM tells them about our developer exit loans which are suitable for residential developments that have reached practical completion.

We review the property and make a quick decision, enabling the broker to submit an application in principle and terms on the same day.

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Dave

Davey Gurm

Specialist Finance Account Manager
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I joined the team as a specialist finance account manager in 2021 after holding similar roles at a number of other financial services companies. I enjoy interacting with brokers and am dedicated to supporting our ongoing commitment to strengthen relationships with all of our intermediary partners.

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Kevin Beale

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I joined the company more than seven years ago, initially as national sales manager, then as new build distribution manager, before moving over to my current role. I love working closely with my broker partners and helping them to access products that their clients might struggle to get on the high street.

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Mohinder Parmar

Specialist Finance Account Manager
Areas covered

London and South East

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I joined the group in 2022 after more than 20 years of experience working in banking, first as a private banker then as a relationship manager looking after my broker partners. The thing I love especially about specialist lending is that every case I receive is different with its own set of challenges, so when I’m able to finally get it over the line it gives me a real sense of achievement. I’m really looking to helping you with your complex cases and showing off our exciting proposition.

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Charlootte

Charlotte Parker

Specialist Finance Account Manager
Areas covered

South West

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I’ve been supporting brokers in South West ever since joining the company in April 2019. With nearly 20 years of experience working in financial services, I’ve developed a detailed knowledge of the mortgage market which means I’m perfectly placed to help you with your cases. Whatever support you need, I’m here to provide solutions to complex cases, and diffuse and resolve any issues that may arise during the processing of an application.

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This information is for mortgage professionals only and not intended for use by the general public. All rates, programmes and pricing are subject to change at any time and without prior notice. Mortgages are subject to valuation and approval.