Funding 365 has secured a new £300 million funding facility with a global investment bank, significantly increasing its capacity to lend across the specialist property finance market.
The additional institutional funding will support the lender’s bridging, refurbishment, development finance and specialist buy-to-let products, complementing its existing funding lines.
The announcement follows closely on the confirmation that Funding 365 has been acquired by alternative investment manager Balbec Capital, providing further backing for the lender’s growth ambitions.
The combined investment strengthens Funding 365’s position in the specialist lending sector as demand continues to grow for flexible finance solutions across bridging, development and investment markets.
QUICK DECISIONS
The lender said brokers will continue to have direct access to its underwriting team, enabling quick, credit-backed lending decisions and a streamlined process from enquiry through to redemption.
Mike Strange (main picture), director at Funding 365, says: “The execution of this new funding agreement, against a difficult market backdrop, is tremendously exciting for the future of Funding 365.
“Combined with the opportunities provided by our recent acquisition by Balbec Capital, it puts us in a position to make our product offering market-leading across the specialist mortgage spectrum.”
