Interpath has advised specialist property lender Alternative Bridging Corporation on the implementation of an institutional mezzanine facility with a global institutional asset manager and an extension of its current warehouse with Barclays Bank PLC. The £150m combined facility will support the growth of Alternative Bridging’s residential bridging offering over the coming years.
Alternative Bridging Corporation is a London-based specialist property lender with over 30 years’ experience providing bespoke finance solutions across bridging loans, development finance, term loans, and buy-to-let mortgages.
Stephen Meller, Director and Chief Financial Officer at Alternative Bridging Corporation, said:
“We are delighted to have successfully completed this deal with the support of Barclays Bank PLC, and our other funding partners, and the team at Interpath. This new funding line marks an important milestone for Alternative Bridging Corporation as we continue to expand our residential bridging loan book. The facility provides a strong foundation for future growth and enhances our ability to meet the needs of our clients.”
Alternative Bridging Corporation was advised by Jack Dutton and Olivia Dunning from Interpath’s Financial Services Debt Advisory team. Olivia Dunning said: “This successful close is a testament to Alternative Bridging Corporation’s strong market position and their ability to diversify funding sources within the residential bridging sector. We are proud to have played a role in structuring a solution that will support Alternative Bridging’s next phase of growth and further strengthen its ability to serve the UK property market.”
TLT acted as legal counsel to Alternative Bridging Corporation.
