InterBay backs £17.5m mixed-use portfolio transaction to support client growth ambitions

16 July 2026

InterBay has completed a £17.5m refinance for an experienced property investor, helping to unlock capital for future acquisitions and support the continued growth of a substantial mixed-use portfolio.

The transaction was introduced to SFAM Simon Ward by James Baughan of Independent Lending and involved a portfolio of 33 properties, comprising 25 commercial and 8 semi-commercial assets. The portfolio includes 62 commercial tenancies across a range of property types, including retail, office and light industrial units.

A key challenge was achieving the level of funding needed to support the borrower’s growth plans. The client’s objective was to maximise leverage against the portfolio and release capital for future acquisitions. InterBay agreed lending at 75% LTV based on the market value of the portfolio, enabling the client to access the funding required to continue expanding their property holdings.

Alongside the refinance, InterBay also put in place a £25m credit limit, providing additional flexibility and supporting the client’s long-term acquisition strategy.

Close collaboration between InterBay, the broker and the client was central to the success of the transaction. James worked closely with InterBay throughout the process to ensure the deal remained on track and completed within the required timescales. The transaction was supported by teams across the business, especially underwriting and completions, with all parties working together to deliver the desired outcome for the client.

Marc Callaghan, Head of Commercial Mortgages, InterBay said:

“This was a sizeable and complex transaction involving a diverse portfolio of commercial and semi-commercial assets. The client’s objective was clear from the outset: to maximise leverage against the portfolio and release capital for further investment. By working closely with the broker and borrower, we were able to structure a solution that met those requirements and provide a strong platform for the next stage of the portfolio’s development.”

James Baughan, Director, Independent Lending said:

“The client wanted to release as much capital as possible from the portfolio to support future acquisitions, and InterBay understood that objective from the outset. The team worked closely with us throughout the process, taking the time to understand the client’s plans and deliver a solution that gave them the flexibility to act on new opportunities as they arise.”