Funding 365 secures new £200m funding facility

Funding 365 has 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 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, commented: “Our new facility will allow us to significantly readjust our interest rates across our residential and refurbishment products - watch this space.”