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InterBay LIBOR Change

From 1/4/19, the 3 month London Interbank Offered Rate (LIBOR), which is applicable to all InterBay products, has decreased to 0.84%.

As a result, all InterBay term loan products and their terms and conditions will change in accordance with the new LIBOR rate. The change will automatically apply to new and pipeline applications.

Initial pay rates for new and pipeline bridging applications won’t change.