Funding 365 completes stepped-rate bridging loan for Nottinghamshire development exit

By Bridging Loan Directory 3rd June 2026

Funding 365 has completed a 75% LTV stepped-rate bridging loan to refinance a newly built five-bedroom house in Nottinghamshire and release capital for the developer’s next project.

The £700,000 bridging loan was secured against the final remaining unit within a multi-plot development, with the borrower already having received a purchase offer on the property.

The facility was structured with an initial rate of 0.49% per month for the first six months, stepping up thereafter, while still providing the borrower with the flexibility of a full 12-month term.

Funding 365 said the stepped-rate structure is designed to support developers nearing the end of a sales process by rewarding earlier exits while maintaining flexibility should sales timelines extend.

Prim Kambhato, Underwriter at Funding 365, said:

“Our Stepped Rate Bridge product is particularly popular with developers nearing the end of their sales process.

While it still provides the reassurance of a full 12 month term, borrowers benefit from a lower rate if they are able to exit sooner.

In this case, our security is the last remaining unit in a multi-plot development and our borrower already has a purchase offer, so they are confident of an early redemption.”