top of page

155 items found for ""

  • Commercial Bridge on a Mixed Use Building Without Planning | Funding 365

    £225,000 63% LTV 0.74% PER MONTH The brief Our solution Underwriter quote Having thoroughly researched the property and surrounding area, we delivered a competitive 12 month solution. This was designed to give the client enough time to secure planning permission and exit onto a development loan. The client required a bridge to purchase a mixed-use building while planning was secured to convert the commercial property on the ground floor. This property has quite a long history of conversions and is located in a sought after area. This fact, as well as the experience of the borrower, allowed us to deliver a very competitive funding solution for our client. BACK TO PROJECTS BACK TO PROJECTS REFINANCE: SEMI-COMMERCIAL PROPERTY CASE STUDY

  • Funding 365 launches innovative short lease bridging product

    Funding 365 launches innovative short lease bridging product Funding 365 launches innovative Short Lease bridging product Fast bridging lender Funding 365 has this week released an innovative Short Lease bridging product to fill a gap in the short term lending market. Developed following consultation with brokers, Funding 365’s Short Lease bridging product is targeted specifically at financing the purchase of residential investment properties with short remaining lease terms of between 10 and 70 years. It will also provide financing to allow the purchase of the lease extension once this has been agreed with the property freeholder. Loans under this product are available up to a 70% loan to value ratio for a term from 3 to 12 months. The interest rate on the product starts at 0.99% per month. The product has a 2% arrangement fee, but no early redemption charges or exit fees. Funding 365 Director, Mike Strange comments,“We’re excited to be bringing this new product to the bridging market. Funding 365 is well known for its speed of service and low interest rates. Launching this new Short Lease product also demonstrates Funding 365’s flexibility in financing unusual or complicated property transactions.”” Funding 365 Sales Director, Paul Weitzkorn adds,“Funding 365 has always worked with its broker partners to develop bespoke financing solutions for complex and non-standard scenarios. Now, our commitment to lend on short leases and fund lease extension provides borrowers with flexibility in a world where lease extension timing can be uncertain. We look forward to working with our broker partners on delivering this product to their clients.”

  • Funding 365 accredited under coronavirus business interruption loan scheme

    Funding 365 accredited under coronavirus business interruption loan scheme Funding 365 has been accredited as a new lender under the Coronavirus Business Interruption Loan Scheme (CBILS) by the British Business Bank. Delivered through British Business Bank accredited lenders, CBILS is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller business across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. Under the scheme, Funding 365 will provide unregulated bridging loans up to 65% LTV for up to 24 months. These loans will be secured on a first charge basis against residential properties in England and Wales. Read the full story here: https://www.mpamag.com/uk/news/general/funding-365-accredited-under-cbils/395483

  • Funding 365 | Privacy Policy

    PRIVACY POLICY OUR PRIVACY POLICY Key terms It would be helpful to start by explaining some key terms used in this policy: We, us, our: Funding 365 Limited, Funding 365 Capital Limited and affiliated companies Our data protection officer: Michael Strange ​ 20 - 22 Wenlock Road, London, N1 7GU ​ michael.strange@funding-365.com ​ 0203 950 5280 Personal information: Any information relating to an identified or identifiable individual Special category personal information: Personal information revealing racial or ethnic origin, political opinions, religious beliefs, philosophical beliefs or trade union membership ​ Genetic and biometric data ​ Data concerning health, sex life or sexual orientation Personal information we collect about you • your name and contact information, including email address and telephone number and company details • Information to enable us to check and verify your identity, eg your date of birth • your gender information, if you choose to give this to us • location data, if you choose to give this to us • your billing information, transaction and payment card information • your contact history, activity history and saved items • information from accounts you link to us • information to enable us to undertake credit or other financial checks on you and financial information (including bank or building society account details and details of debit cards used in relation to our services); • Information about how you use our website, IT, communication and other systems • your passwords and security question answers used to access our on-line services • sensitive information (such as any medical information you disclose to us (although we will always get specific permission from you before recording this type of information) We may collect and use the following personal information about you: This personal information is required to provide products and/or services to you. If you do not provide personal information we ask for, it may delay or prevent us from providing products and/or services to you. How your personal information is collected We collect most of this personal information directly from you—in person, by telephone, text or email and/or via our website and apps (as appropriate). However, we may also collect information: • from publicly accessible sources, eg Companies House or HM Land Registry; • directly from a third party, eg: –sanctions screening providers; – credit reference agencies; – customer due diligence providers; – fraud prevention agencies, – insolvency practitioners, – debt advisers, – tracing agents; and – commercial databases • from a third party with your consent, e.g. other financial institutions with whom you have a relationship • from cookies on our website—for more information on our use of cookies, please see our cookies policy • to comply with our legal and regulatory obligations; • for the performance of our contract with you or to take steps at your request before entering into a contract; • for our legitimate interests or those of a third party; or • where you have given consent. Under data protection law, we can only use your personal information if we have a proper reason for doing so, e.g.: How and why we use your personal information A legitimate interest is when we have a business or commercial reason to use your information, so long as this is not overridden by your own rights and interests. The table below explains what we use (process) your personal information for and our reasons for doing so: What we use your personal information for To provide products and/or services to you To prevent and detect fraud For the performance of our contract with you or to take steps at your request before entering into a contract —Conducting checks to identify our customers and verify their identity ​ —Screening for financial and other sanctions or embargoes ​ —Other processing necessary to comply with professional, legal and regulatory obligations that apply to our business, e.g. rules issued by our professional regulator Ensuring business policies are adhered to, e.g. policies covering security and internet use For our legitimate interests or those of a third party, i.e. to make sure we are following our own internal procedures so we can deliver the best service to you Our Reasons For our legitimate interests or those of a third party, i.e. to minimise fraud that could be damaging for us and for you To comply with our legal and regulatory obligations What we use your personal information for Our reasons Efficiency, training and quality control party, i.e. to be as efficient as we can so we can deliver the best service for you at the best price Ensuring the confidentiality of commercially sensitive information For our legitimate interests or those of a third party, i.e. to protect trade secrets and other commercially valuable information To comply with our legal and regulatory obligations Statistical analysis to help us manage our business, e.g. in relation to our financial performance, customer base, product range or other efficiency measures For business, e.g. in relation to our financial performance, customer base, product range or other efficiency measures For our legitimate interests or those of a third party, i.e. to be as efficient as we can so we can deliver the best service for you at the best price Preventing unauthorised access and modifications to systems For our legitimate interests or those of a third party, i.e. to prevent and detect criminal activity that could be damaging for us and for you To comply with our legal and regulatory obligations Updating and enhancing customer records For the performance of our contract with you or to take steps at your request before entering into a contract To comply with our legal and regulatory obligations For our legitimate interests or those of a third party, e.g. making sure that we can keep in touch with our customers about existing orders and new products Statutory returns Ensuring safe working practices, staff administration and assessments To comply with our legal and regulatory obligations F or our legitimate interests or those of a third party, e.g. to make sure we are following our own internal procedures and working efficient ly so we can deliver the best service to you What we use your personal information for —existing and former customers; ​ —third parties who have previously expressed an interest in our services; ​ —third parties with whom we have had no previous dealings. Our reasons Former customers Credit reference checks via external credit reference agencies External audits and quality checks, e.g. for ISO or Investors in People accreditation and the audit of our accounts For our legitimate interests or those of a third party, i.e. to ensure our customers are likely to be able to pay for our products and services For our legitimate interests or a those of a third party, i.e. to maintain our accreditations so we can demonstrate we operate at the highest standards ​ To comply with our legal and regulatory obligations The above does not apply to special category personal information, which we will only process with your explicit consent. Promotional communications We may use your personal information to send you updates (by email, text message, telephone or post) about our products and/or services, including exclusive offers, promotions or new products and/or services. We have a legitimate interest in processing your personal information for promotional purposes (see above ‘How and why we use your personal information ’). This means we do not usually need your consent to send you promotional communications. However, where consent is needed, we will ask for this consent separately and clearly. We will always treat your personal information with the utmost respect and never sell or share it with other organisations for marketing purposes. You have the right to opt out of receiving promotional communications at any time by: • contacting us at marketing@funding-365.com We may ask you to confirm or update your marketing preferences if you instruct us to provide further products and/or services in the future, or if there are changes in the law, regulation, or the structure of our business. Who we share your personal information with We routinely share personal information with: • companies within our group • third parties we use to help deliver our products and/or services to you, e.g. payment service providers, warehouses and delivery companies; • other third parties we use to help us run our business, e.g. marketing agencies or website hosts; • third parties approved by you, e.g. third party payment providers; • credit reference agencies; • our insurers and brokers; • our banks and professional advisers. • where we sell or transfer your loan to another provider we will transfer your data to that provider. We only allow our service providers to handle your personal information if we are satisfied, they take appropriate measures to protect your personal information. We also impose contractual obligations on service providers relating to ensure they can only use your personal information to provide services to us and to you. We may also share personal information with external auditors, e.g. in relation to accreditations and the audit of our accounts. ​ We may disclose and exchange information with law enforcement agencies and regulatory bodies to comply with our legal and regulatory obligations. We may also need to share some personal information with other parties, such as potential buyers of some or all of our business or during a re-structuring. Usually, information will be anonymised but this may not always be possible. The recipient of the information will be bound by confidentiality obligations. We will not share your personal information with any other third party. Where your personal information is held Information may be held at our offices and those of our group companies, third party agencies, service providers, representatives and agents as described above (see above: ‘Who we share your personal information with’). Some of these third parties may be based outside the European Economic Area. For more information, including on how we safeguard your personal information when this occurs, see below: ‘Transferring your personal information out of the EEA’. How long your personal information will be kept We will keep your personal information while you have an account with us or we are providing products and/or services to you. Thereafter, we will keep your personal information for as long as is necessary: • to respond to any questions, complaints or claims made by you or on your behalf; • to show that we treated you fairly; • to keep records required by law and We will not retain your personal information for longer than necessary for the purposes set out in this policy. Different retention periods apply for different types of personal information. Further details on this are available from us at contact@funding-365.com When it is no longer necessary to retain your personal information, we will delete or anonymise it. Transferring your personal information out of the EEA To deliver services to you, it is sometimes necessary for us to share your personal information outside the European Economic Area (EEA), e.g. with your and our service providers located outside the EEA. These transfers are subject to special rules under European and UK data protection law. If you would like further information, please contact us OR our Data Protection Officer (see ‘How to contact us’ below). Your rights You have the following rights, which you can exercise free of charge: Access Rectification To be forgotten The right to require us to correct any mistakes in your personal information Restriction of processing Data portability The right to receive the personal information you provided to us, in a structured, commonly used and machine-readable format and/or transmit that data to a third party—in certain situations To object The right to object: —at any time to your personal information being processed for direct marketing (including profiling); —in certain other situations to our continued processing of your personal information, eg processing carried out for the purpose of our legitimate interests. The right to be provided with a copy of your personal information (the right of access) The right to require us to delete your personal information—in certain situations The right to require us to restrict processing of your personal information—in certain circumstances, e.g. if you contest the accuracy of the data Not to be subject to automated individual decision-making The right not to be subject to a decision based solely on automated processing (including profiling) that produces legal effects concerning you or similarly significantly affects you For further information on each of those rights, including the circumstances in which they apply, please contact us or see the Guidance from the UK Information Commissioner’s Office (ICO) on individuals’ rights under the General Data Protection Regulation. ​ If you would like to exercise any of those rights, please: • email, call or write to us—see below: ‘How to contact us’; and • let us have enough information to identify you (eg your full name, address and customer or matter reference number); • let us have proof of your identity and address (a copy of your driving licence or passport and a recent utility or credit card bill); and • let us know what right you want to exercise and the information to which your request relates. Keeping your personal information secure Keeping your personal information secure We have appropriate security measures to prevent personal information from being accidentally lost, or used or accessed unlawfully. We limit access to your personal information to those who have a genuine business need to access it. Those processing your information will do so only in an authorised manner and are subject to a duty of confidentiality. We also have procedures in place to deal with any suspected data security breach. We will notify you and any applicable regulator of a suspected data security breach where we are legally required to do so. If you want detailed information from Get Safe Online on how to protect your information and your computers and devices against fraud, identity theft, viruses and many other online problems, please visit www.getsafeonline.org . Get Safe Online is supported by HM Government and leading businesses. We hope that we can resolve any query or concern you may raise about our use of your information. The General Data Protection Regulation also gives you right to lodge a complaint with a supervisory authority, in particular in the European Union (or European Economic Area) state where you work, normally live or where any alleged infringement of data protection laws occurred. The supervisory authority in the UK is the Information Commissioner who may be contacted at https://ico.org.uk/concerns or telephone: 0303 123 1113. Changes to this privacy policy This privacy notice was published in May 2019. We may change this privacy notice from time to time — when we do, we will inform you by updating the privacy policy on our website. How to complain How to contact us Please contact us by post, email or telephone if you have any questions about this privacy policy or the information we hold about you. Our contact details are shown below: ​ Michael Strange 20-22 Wenlock Road, London, N1 7GU michael.strange@funding-365.com 0203 950 528020-22

  • Funding 365 unveils new bridging and refurbishment loan rates

    Funding 365 unveils new bridging and refurbishment loan rates Funding 365 has revised its loan products in response to securing a new funding facility exceeding £200m from a global investment bank. This update introduces competitive interest rates for its residential bridging and light refurbishment loans. The new rates for residential bridging loans begin at 0.74% per month for up to 65% loan to value (LTV), 0.79% for up to 70% LTV, and 0.84% for up to 75% LTV, associated with a 1.5% broker commission. Alternatively, rates of 0.79% for up to 65% LTV, 0.84% for up to 70% LTV, and 0.89% for up to 75% LTV are available with a 2% broker commission. Highlighting its straightforward approach, Funding 365 points out the absence of administrative, exit, or early repayment charges in these products. The only additional costs are a standard 2% arrangement fee and legal and valuation fees at market rate. Eligible loans, ranging from £200,000 to £5m, are offered for periods of three to 24 months, secured against a variety of residential properties in England and Wales. The residential bridging loan is suitable for development exit and auction finance, while the light refurbishment loan supports internal decoration, loft conversions, and conversion to residential or HMO, financing up to 40% of the initial open market value. For more information, property finance professionals can visit Funding 365’s website or contact their underwriting team directly. Paul Weitzkorn, director at Funding 365, said: “Our new bridging and refurbishment interest rates move us into the same ballpark as the specialist banks, which is a highly compelling proposition when coupled with our award-winning, personal service and speed of execution. “We encourage all brokers and borrowers to speak directly to one of our mandated underwriters for bespoke terms within just one hour.”

  • Funding 365 completes £1.6m commercial bridge in just 3 days

    Funding 365 completes £1.6m commercial bridge in just 3 days Funding 365 has completed yet another bridging loan in just 3 working days, to assist with the purchase of a commercial property with a strict vendor’s completion deadline, after the original lender amended their loan terms. Funding 365 has completed yet another bridging loan in just 3 working days, to assist with the purchase of a commercial property with a strict vendor’s completion deadline, after the original lender amended their loan terms. The security is a commercial unit occupied by a high street bank with a strong tenancy, which also benefits from planning permission to convert the upper floors into residential dwellings. Given the time constraints of the loan an off-panel valuation re-type was accepted. With a strong lease in place and a clear exit route, Funding 365 offered the borrower 72% LTPP at a rate of 0.85%pm. Funding 365 Director, Paul Weitzkorn comments, “We are very pleased that we were able to help the borrower save his purchase under such time pressures. This is just another example of the fast, tailored service that our broker partners have come to appreciate from us.” Alpha Property Finance Partner, Clive Liddelow adds, “The Funding 365 team and their solicitors performed admirably under extreme timing pressures to complete the deal on time and immediately understood the fundamentals and complexities of the deal. Alpha Property Finance together with our new strategic partner, LSH Property Finance, would have no hesitation in using Funding 365 and this form of loan structure again when there is an urgent acquisition deadline.”

  • Funding 365 increases maximum loan term to 18 months

    Funding 365 increases maximum loan term to 18 months Fast bridging lender Funding 365 has today announced the extension of their maximum loan term from 12 to 18 months, in response to demand from their broker partners. This increased loan term will apply to all of their bridging products with the exception of their Short Lease Bridge, which will remain at 12 months. This announcement comes just one month after Funding 365’s decision to officially increase their maximum loan size to £10million, and is part of their move to broaden their offering. Funding 365 Marketing Director, Laura Kendall comments, “At Funding 365 we’re always listening to our broker partners and striving to find new solutions to meet their clients’ needs. We identified longer loans as something that was being requested with increasing frequency. We pride ourselves on being extremely competitive, and with super low rates (from 0.65%pcm for residential and 0.75%pcm up to 70% LTV for commercial properties), plus now loans up to £10million for 18 months, we envisage that 2018 will continue to be a very busy year!”

  • Funding 365 launches ground up development product

    Funding 365 launches ground up development product Funding 365 has announced its expansion into ground up property development finance with a customisable product to deliver loans from £250,000 to £1,500,000 for residential projects across England and Wales. With competitive fixed interest rates from 0.84% per month (circa 10% per annum) with 1% exit fee, this product delivers up to 75% LTV, 65% LTGDV, 85% LTC. Designed to fund small ground up and part complete projects of up to 15 units for up to 18 months, first time developers and most residential schemes (including HMOs and holiday lets) will be considered. As with all of its products, Funding 365 encourages brokers and borrowers to speak directly to its mandated underwriters in order to experience a unique responsiveness and certainty throughout the term of the loan. Visit www.funding-365.com/products for transparent product guides or call Funding 365’s underwriters on 0800 689 0650 for more information, quick answers and credit-backed terms. Mike Strange, Director at Funding 365 comments, “Service is paramount in development finance, so we are looking forward to bringing our speed and personal approach to the ground up market. Having conducted a trial of this product in order to refine it, we are confident that it will help to deliver success for developers across England and Wales.“ Paul Weitzkorn, Director at Funding 365 adds, “We are delighted to be able to launch our development product to the whole of the market. The fact that we were named Development Finance Lender of the Year by Crystal Specialist Finance during our product trial period earlier this year indicates that it will be very well received.”

  • Funding 365 Delivers £4.75m of stepped rate bridging for developer

    Funding 365 Delivers £4.75m of stepped rate bridging for developer Funding 365 has completed two 75% LTV stepped rate bridging loans with a combined value of £4.75 million to refinance 20 newly developed flats in London and Surrey. Both loans were provided at a rate of 0.55% per month for the first 6 months, stepping up to 1.12% for the remaining 6 months - with no exit fees or other catches. First Wealth Management approached Funding 365 on behalf of the experienced property developer. Having completed the conversion of two commercial properties into a range of one and two bed apartments, the client needed to refinance their debts on both projects. The units had proven to be highly desirable, with 7 of the properties already reserved by prospective buyers. Recognising the experience of the developer, the quality of the conversions and the great locations of the apartments, Funding 365’s underwriter moved quickly to craft two bespoke stepped rate bridging loans. They worked closely with all parties to develop part-serviced, part-retained loans with market-leading rates. The result was two highly competitive and transparent solutions that enabled the borrower to sell their properties without taking a big hit to their profit margins. Read the full story here: https://bridgingandcommercial.co.uk/article/18173/funding-365-closes-two-stepped-rate-bridging-deals-worth-%C2%A3475m

  • Reducing Our Environmental Impact | Funding 365

    ENVIRONMENT DOING OUR BIT Trees remove carbon and slow the climate crisis. The inspirational team at Protect Earth are committed to working with environmental organisations to plant trees to increase native British tree cover across England and Wales. We're proud to support them, including our pledge to fund a UK tree for each loan completed. As of July 2022, we have funded over 500 trees. ​ You can find out more about Protect Earth here OUR TREE PLEDGE Everyone at Funding 365 is committed to reducing the impact of our working lives on the environment. Steps that we've taken include: WORKPLACE SUSTAINABILITY PAPER: We've drastically reduced the use of paper in our office. Now 100% of our filing and 98% of our correspondence is digital. PLASTIC: Single use plastic is minimised through the use of reusable containers, such as glass milk bottles and metal cups. RECYCLING: Recycling bins are readily available and a designated member of the team ensures that they are being used correctly. ENERGY SUPPLY: Our office building is supplied by 100% green energy. TRAVEL: Storage space and showers are available to facilitate our staff cycling, scooting, walking or running to and from the office. At present, 20% of our team commute at least in part by cycling, scooting, walking or running. All other travel to and from the office is 100% public transport. Like you, we believe that it’s important that everyone plays their part in protecting our planet for future generations. At Funding 365 we're committed to reducing our negative impact on the environment and increasing our positive effect.

  • Commercial Bridge on a Large Commercial Space in Surrey | Funding 365

    The brief Our solution Underwriter quote Given the prime location of the retail unit, the strength of the tenant and the experience of the repeat borrower, our team was able to deliver a rate of 0.79% per month at a 67% LTV. The client's onward ambitions for the premises included the construction of an additional story and the negotiation of new leases with new tenants. As such, we engaged the borrower in several discussions to ensure that, on a 12 month loan, a timely exit could be achieved. The client required a £3.89 million loan to purchase a large commercial space in Surrey, England, with a blue chip tenant in situ. The case, although ambitious, showcases the potential of our commercial bridging loan product to support the retail sector. Coming out of the pandemic, it's great to assist in the revitalisation of this market. I'm keen to continue supporting this borrower and am interested to see how this particular space will benefit from their exciting development plans. BACK TO PROJECTS £3.89 MILLION 67% LTV 0.79% PER MONTH PURCHASE: LARGE COMMERCIAL SPACE CASE STUDY

  • Funding 365 Delivers £7.2m for 50 apartments in Peterborough

    Funding 365 Delivers £7.2m for 50 apartments in Peterborough Funding 365 has completed a £7.2 million 75% LTV development exit loan at a rate of 0.69% per month to provide time for its developer borrower to sell their 50 new apartments in Peterborough. Funding 365 has completed a £7.2 million 75% LTV development exit loan at a rate of 0.69% per month to provide time for its developer borrower to sell their 50 new apartments in Peterborough. The 9-month facility, introduced by Pilot Fish, enabled the borrower to exit the development funding lines which were secured against their one- and two-bedroom flats and penthouse duplexes. The properties are arranged over six storeys in what was previously a council office block building located in the heart of Peterborough. The high quality of the conversion, combined with the prime location of the apartments, enabled Funding 365 to refinance the project at 0.69% per month – with no admin or exit fees. The case was complex, with multiple development funding lines to be refinanced and many of the units in various stages of sales processes. Funding 365 worked closely with all parties to ensure that the loan progressed as smoothly as possible, including meeting the borrower on site with Pilot Fish. They then worked around the clock to deliver their solution the day before the deadline, in order to prevent the borrower from having to pay a whole extra month of interest on their prior borrowing. Development exit is a popular use for Funding 365’s versatile Residential Bridge product, which provides bespoke funding solutions of up to £10 million on residential properties across England and Wales, with no admin fees, exit fees or early redemption fees. Funding 365 Senior Underwriter, Nikhil Shah comments, “Peterborough is going through an exciting period of regeneration, and we’re pleased to have had the opportunity to contribute to its growth. Delivering a complex loan like this is incredibly satisfying. Credit to the borrower, Pilot Fish and all of the solicitors for their parts in helping to ensure that it completed so smoothly.” Read the full story here: https://www.propertywire.com/news/funding-365-delivers-7-2m-for-50-apartments-in-peterborough/

bottom of page