Second charge lender, Interbridge Mortgages, has announced the addition of a new senior warehouse facility of up to £300m from Citi.
The additional funding line is designed to complement Interbridge’s long-standing funding relationship. The new facility enhances overall flexibility, allowing Interbridge Mortgages to meet increasing demand, broaden its product capabilities, and strengthen its ability to scale profitably.
Jonny Jones (pictured), CEO of Interbridge Mortgages, said: “This new funding supports our long-term vision. We have worked closely with our existing funding partner to build a robust, trusted business, and adding this new facility from Citi gives us greater optionality. Successful completion of the facility demonstrates the market’s belief in our growth trajectory.
“Brokers and their customers are increasingly realising the benefits of a second charge mortgage, and, with our 4.9 Trustpilot rating, we’re perfectly placed to ensure the customer receives the best possible outcome."
Kandarp Rawal, managing director of SpecFin Capital, commented: “We are pleased to have advised Interbridge Mortgages on this important strategic milestone. The new facility reflects the evolution of their funding strategy to include balance sheet funding, which is expected to create long-term value and enable potential access to public capital markets in the future. The strong level of investor engagement in the process highlights the depth and quality of the Interbridge team as a leading originator of second charge mortgages. Alongside the Interbridge team, we are very pleased with the outcome and look forward to supporting the platform’s next phase of growth.”
