Funding 365 completes £3.9m development exit bridging loan

By Bridging Loan Directory 26th February 2025

Funding 365 has completed a 75% LTV development exit bridging loan to enable a developer borrow to repay their maturing development facility and take the necessary time to sell their properties.

Introduced by Life Financial Solutions, the £3.9 million loan is secured against six terraced houses in Cheshire, one of which is already under offer.

The loan is under Funding 365’s versatile Residential Bridge product which offers bespoke solutions from just 0.69% per month secured against properties across England and Wales.

Paul Weitzkorn, Funding 365 Director, said:

“We’ve delivered seven facilities with the Life Financial Solutions team over the past year across our residential bridge, commercial bridge and light refurbishment products.

Here, as with our previous completions, their exemplary level of responsiveness and depth of client relationship came to the fore, facilitating a smooth delivery.”

Jamie Kent, Director, Life Financial Solutions Director, added:

“It’s always a pleasure working with Funding 365.

The team always demonstrates a level of professionalism and efficiency that truly stands out.

What really sets them apart, though, is their exceptional client service.

The team were incredibly proactive and always just a phone call away.

This hands-on approach makes all the difference, especially when we hit a few minor hurdles, rather than leaving us to figure things out, they jumped in with practical solutions and kept everything on track.”