Interbridge Mortgages has announced the addition of a new senior warehouse facility of up to £300m from Citi.

The second charge mortgage provider said the move would expand its capacity to support customers amid a period of strong sustained growth.

Interbridge was advised by SpecFin Capital on the transaction, with the additional funding line designed to complement Interbridge’s longstanding funding relationship.

The firm said the new facility would enhance overall flexibility, allowing Interbridge to meet increasing demand, broaden its product capabilities, and strengthen its ability to scale profitably.

“This new funding supports our long-term vision,” said CEO of Interbridge Mortgages, Jonny Jones.

“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.”

Managing director of SpecFin Capital, Kandarp Rawal, added: “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.”

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