Interbay has completed a refinance deal for a 94-unit portfolio spread across 17 limited companies for £42.5m.

The loan application was funding for a mix of semi-commercial and buy-to-let (BTL) assets, all to complete on one day and moved to a single portfolio with InterBay, as well as raising additional capital for further investments.

InterBay described the case as “complex” but said it used a “multidisciplinary team approach”, as well as its external legal team at Paris Smith, to identify and resolve any potential challenges.

Group intermediary director at OSB Group, Adrian Moloney, said: “This complex deal really highlights the expertise we have at InterBay in structuring bespoke portfolio finance. Having collaborated with REF Capital on a number of previous cases, Andrew and his team had assurance right from the start that we would be able to deliver.

"InterBay’s specialist finance account manager, Mo Parmar, and the team at REF Capital worked closely to reach a tailored solution with bespoke structure, fees, valuation, legals and timings. Using title insurance helped speed up the legal process, leading to a smooth and quick completion process."

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