Funding 365 reduces commercial bridging rates

The product - which is available to all brokers - provides 3 to 12 month loans from £100,000 to £5 million+ secured against commercial and semi-commercial properties across England and Wales, with eligible properties including retail premises, offices, warehouses, light industrial units, and factories.
 
The maximum LTV at 0.75%pcm is 60% although higher LTVs will be considered if additional security is provided.
 
Uses for the product include acquisition of commercial or semi-commercial investment properties, refinancing of maturing commercial debt, working capital for a business and light property refurbishment. 
 
Funding 365 Managing Director, Mike Strange comments:

“We believe that borrowers shouldn’t pay over the odds for bridging, so we continuously assess our products to keep them competitive. I’m delighted that we’ve been able to slash our commercial rate in particular as this strengthens our growing reputation as the go-to commercial bridging lender.”
 
Funding 365 Marketing Director, Laura Kendall adds:

“With our promise to provide fair bridging finance comes a commitment to offer the most competitive rates that we can - to everyone. Like all of our advertised products, this newly enhanced commercial product is available to all brokers and contains no hidden fees or surprises in the small print.“