Secured against seven newly constructed houses in Norfolk, the 65% LTV loan provides the experienced developer with ample time to sell the properties.

For more information on Funding 365’s full product range, visit www.funding-365.com/products or speak to a Funding 365 underwriter directly on 0800 689 0650 or underwriting@funding-365.com

The Merryoaks team can be reached on 020 3797 7559 or info@merryoaks.com for bespoke property finance solutions. To learn more about Merryoaks services, visit merryoaks.com

Funding 365 Underwriter, Fraser Mills, comments, “Development exit remains a popular use for our Residential Bridge product. We always strive to find the best solution for our clients and it was satisfying to be able to deliver such a competitive rate here, given the high spec of the properties and the level of experience of the borrower. George and the hands-on team at Merryoaks were integral to the loan completion, facilitating a smoother and quicker transaction. Credit should also go to both sets of lawyers who worked together seamlessly.”

Merryoaks Property Finance Director, Saam Lowni, adds, “We’re proud to collaborate with Funding 365, a lender that is both commercially minded and responsive to client needs. In an economic climate that has seen considerable turbulence over the past 18 months, it is more important than ever to work with partners who share our commitment to practical, client-focused solutions. At Merryoaks, we’re passionate about helping to address the affordable housing crisis, and partnerships like this, where all parties are aligned, are crucial in delivering positive outcomes. George and I sincerely appreciate the shared effort that made this transaction such a success.”