Funding 365 secures new £300m funding facility following acquisition

Funding 365 has announced the completion of an additional £300 million funding line with a global investment bank.

The new facility will increase Funding 365’s lending capabilities across its bridging, refurbishment, development and specialist buy-to-let products and will sit alongside its existing institutional lines.

The news follows the confirmation that the specialist property lender has been acquired by alternative investment manager, Balbec Capital. 

Mike Strange (pictured), director at Funding 365, commented: “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.”