Clifton brokers near £5m Belgravia facility with Funding 365
Clifton Private Finance has brokered a £4.94m facility in Belgravia provided by Funding 365.
The facility which was for the refinance of existing debt to allow for sale of a £6.4m value property on the open market, took three weeks from application to completion, while it took a week from offer to funding.
Mat Phillips, senior broker at Clifton Private Finance (pictured above), said: “Funding 365 are one of the true bridging lenders, they're efficient, responsive, and reliable.
“This particular case had its difficulties given the high value single asset and required LTV, but they were willing to take a view to get us over the line.
“Always a pleasure working with Funding 365, and a special mention to Katie Spitz and Allegra who are always on hand to support both their brokers and clients.”
Katie Spitz, senior underwriter at Funding 365, added: “It's always a pleasure working with the Clifton team, and Mat was collaborative, professional and great to work with throughout.
“This enabled us to deliver a smooth and efficient service to meet the borrower's deadline….Looking forward to working with the Clifton team again soon!"