InterBay has facilitated a significant financial arrangement for Elizabeth School of London, a higher education provider, enabling them to acquire a property that will serve as their new headquarters and teaching facility.
The deal was structured by Mo Parmar from InterBay and broker Nick Sedgwick of Fortune Finance.
Since its inception in 2011, Elizabeth School of London has been renting space but sought a permanent location.
The identified property required a tailored financial solution, leading to a semi-commercial mortgage worth £6m at 64% LTV over a 30-year term.
Marc Callaghan, head of specialist finance at InterBay, noted the collaborative nature of the deal: “This case shows how we support diverse owner-occupier cases in the commercial sector.
“Our in-house underwriting team was involved from the early stages, ensuring a smooth process to completion for Elizabeth School of London.”
Nick Sedgwick, sales director at Fortune Finance, praised the long-term relationship with InterBay: “Having worked with Mo at InterBay for over five years, they are my first choice for specialist cases.
“Mo’s involvement in the client’s long-term planning was crucial in shaping this deal and preparing for future growth.”
The financing was secured against two of the school’s other teaching sites in Northampton and Leicester.
