Funding 365 secures £200m funding line
Funding 365 has today announced the completion of an additional £200 million + funding line with a global investment bank.
The new facility will bolster Funding 365’s lending capabilities alongside its other institutional lines and in-house funds across unregulated residential, semi-commercial and refurbishment bridging loans.
The bridging and development lender will retain its principal-led funding model, enabling it to continue underwriting in-house.
Brokers and borrowers who are looking for speed and certainty are encouraged to speak directly to one of its mandated underwriters who aim to deliver bespoke bridging terms within just one hour.
Mike Strange, Director at Funding 365 comments:
“Our new facility will allow us to significantly readjust our interest rates across our residential and refurbishment products – watch this space.”