The investors, a husband and wife trading as Staton Young, have purchased the former HMRC office in Derby, which totals 44,415 square foot, spread across five storeys.
Nucleus Commercial Finance has secured a £200m funding line, with which it will continue its support for SMEs once the CBILS comes to an end.
Following the success of InterBay Commercial’s recent semi-commercial launch, the specialist lender has launched a commercial product range.
The bank has increased its operational capacity to support £100m in lending over the next quarter.
CFBUK is a whole of market commercial finance broker, which provides its services to professional introducers through its relationship with several large residential mortgage broker networks.
This marks a significant milestone for the loans and leases business with the lender distributing over £120m of loans to SMEs since its accreditation to the government’s CBILS in May.
InterBay was approached by broker partner Empire Finance, on behalf of a client looking to secure funding for a new business location to help them separate their commercial operations from their family home.
The total value of the 1,000 loans is estimated at £1bn and close to half of the loans (493) have already been redeemed.
Landbay was already on Synergy’s packager panel, but will now provide Synergy’s commercial broker members with access to its range of specialist BTL products.
Bird brings with him 30 years of industry experience and will be central to developing a new property proposition for Nucleus, to sit alongside the lender’s current offering.