Funding 365 secures £200m funding facility
Funding 365 has completed an additional funding line of over £200m with a global investment bank.
The new facility is aimed to boost 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.
Mike Strange, director at funding 365 comments (pictured above), commented: “Our new facility will allow us to significantly readjust our interest rates across our residential and refurbishment products — watch this space.”