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 comes just days after the confirmation that the specialist property lender has been acquired by alternative investment manager, Balbec Capital.

Funding 365 encourages all brokers to speak directly to one of its award-winning underwriters for quick, credit-backed terms and five star service from enquiry to redemption.

Mike Strange, Director at Funding 365, comments, “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.”