The £2.1 million light refurbishment loan delivers 75% LTGDV to enable the borrower to finish their renovation of a 3 bed flat and includes a drawdown once the remaining works are signed off. The client plans to exit via sale.

The £1.1 million semi-commercial bridging loan delivers 61% LTV to allow the borrower to purchase an end of terrace property with a retail unit on the ground floor and a 2 bed maisonette above. The client plans to use the commercial unit for their own business and sell the flat. As the commercial element is less than 30% of the total property value, the loan fit under Funding 365’s Residential Bridge product.

Funding 365’s Residential Bridge and Light Refurbishment products both feature interest rates from just 0.64% per month with no admin fees, exit fees or ERCs.

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 SPF Private Clients brokerage team can be contacted on 0207 330 8574 or info@spf.co.uk

Paul Weitzkorn, Director at Funding 365, comments, “We’ve worked with the team at SPF Private Clients for many years and their consistently high quality deals and hands-on approach never fail to impress. It’s always a pleasure to support their clients with our highly competitive, tailored solutions.”

Amadeus Wilson, Director at SPF Private Clients, adds, "It’s been a pleasure working alongside Paul and his team on these two transactions. Their responsiveness and deep understanding of the market have allowed for a seamless process from start to completion. We look forward to building on our relationship with Funding 365 and hope to present more cases to them in the months ahead.”