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  • Bridging Loans for Resi Investment Houses | Flats | HMOs | Funding 365

    INTEREST RATES LOAN SIZES LOAN TERMS LOCATIONS 3 to 24 months Across England and Wales £200,000 to £5,000,000 2 From 0.74% up to 65% LTV From 0.79% up to 70% LTV From 0.84% up to 75% LTV 1 (1.5% broker commission) (2% broker commission) From 0.79% up to 65% LTV From 0.84% up to 70% LTV From 0.89% up to 75% LTV (2% broker commission) LOAN USES FEES & CHARGES Buying or refinancing residential investment property Development exit and marketing Short term cash flow requirements Arrangement fee: 2% Broker commission: From 1.5% (taken from the arrangement fee) Exit fee: None Early Repayment Charge: None (interest rebated on a daily basis for loans repaid after the 3rd month) Legal fees: At market rate, provided upon application 5 Valuation fee: At market rate, provided upon application 4 Property refurbishment permitted 3 Permitted securities: Unregulated residential properties, HMOs, buy to lets, student accommodation, holiday lets with no title restriction Land with or without planning Properties with adverse environmental conditions Farms or agricultural properties First charge unregulated loans across England & Wales Residential short lease properties considered Adverse credit history considered Semi commercial properties considered This does not constitute an offer of financing. Heads of Terms and Loan Agreements will be provided by Funding 365 Limited on a case-by-case basis. Funding 365 Limited reserves the right to amend, suspend or terminate this product at any time and without notice. YOUR PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Owner occupied properties PRODUCT CHARACTERISTICS PROHIBITED USES 1. Reduction in interest rates are available for larger loans on a case by case basis. Pricing indicated for retained interest only. | 2. Smaller and larger loans considered upon application. | 3. Light property refurbishment where the works do not exceed 40% of the day one market value and works are funded by the borrower. | 4. Valuation fee is required up front. | 5. Legal fees will be deducted from the loan amount. Your lawyer will be required to provide our lawyer with an undertaking to pay all legal fees in full. Upon redemption of the loan a fee of £500 will be applied for the removal of the legal charge from the property. Adverse credit history considered LOAN SIZES £100,000 to £10,000,000 3 LOAN TERMS LOCATIONS 3 to 24 months Across England and Wales From 0.74% pm up to 65% LTV From 0.79% pm up to 70% LTV From 0.84% pm up to 75% LTV £200,000 to £5 million loan size Up to 24 months loan term Example uses: Property purchase (including at auction) Development exit Refurbishment Portfolio consolidation Permitted securities: Unregulated residential properties HMOs Buy to lets Student accommodation Holiday lets with no title restrictions Across England and Wales INTEREST RATE From 0.59% up to 60% LTV From 0.69% up to 75% LTV Interest can be paid monthly (in full or in part) or retained upfront LOAN SIZES £100,000 to £10,000,000 Larger loans considered upon application LOCATIONS Across England and Wales LOAN TERMS 3 to 24 months KEY INFORMATION Swipe across for key product information RESIDENTIAL BRIDGE From 0.84% up to 65% LTV From 0.89% up to 75% LTV 1 INTEREST RATES £100,000 to £10,000,000 2 LOAN SIZES LOAN TERMS 3 to 24 months LOCATIONS Across England and Wales RESIDENTIAL BRIDGE DOWNLOAD PDF PRODUCT SHEET

  • Funding 365 Saves auction purchase in 5 days

    Funding 365 Saves auction purchase in 5 days Funding 365 has stepped in at the last minute to deliver a 12 month, £330,000 residential bridging loan to complete the auction purchase of a dilapidated, semi-detached house in London. John Charcol approached Funding 365 on behalf of the client, who had been let down by another lender after contractual completion and with only days left on their notice period. With time in critically short supply, a new source of finance had to be secured to avoid losing the client’s deposit. Funding 365 moved quickly to instruct the surveyor, with an inspection of the property undertaken one day after receiving valuation fees. Despite the nature of the works required to make the property habitable, which included the installation of a new kitchen and bathroom as well as new flooring and windows, Funding 365 delivered a 70% LTV solution just five days after the enquiry was received. The speedy completion benefitted from close communication between the broker, borrower and underwriter on the case. The result was a highly tailored and competitive loan that enabled the client to use £50,000 of their own funds to complete the refurbishment to a high standard in preparation for refinance onto a buy to let mortgage. The loan is under Funding 365’s flexible Residential Bridge product, which offers tailor-made funding solutions of up to £10 million on residential properties in England and Wales, with no admin fees, exit fees or early redemption fees. All of their transparent products can be viewed on their website, www.funding-365.com/products Read the full story here: https://bridgingandcommercial.co.uk/article/17989/funding-365-saves-auction-purchase-with-%C2%A3330000-bridging-loan

  • Commercial Bridge on an Office Unit | Funding 365

    The brief Our solution Underwriter quote We provided the client with a 12 month loan term, ensuring that they had the time necessary to secure planning and exit onto a development loan. Despite the complexities of the case - notably the vacant commercial nature of the property and the absence of planning permission - we delivered 60% LTV at a rate of 0.79% per month. The borrower needed funds to purchase a dilapidated 2-storey vacant commercial office unit, with the aim of securing planning to convert the office into six modern flats. Being an effective underwriter means considering each project holistically. It would be easy to look at the vacant commercial aspect of this asset and dismiss it outright. We, however, saw potential in the borrower's vision and worked hard to turn it into a reality. BACK TO PROJECTS £258,000 60% LTV 0.79% PER MONTH PURCHASE: COMMERCIAL UNIT CASE STUDY

  • Funding 365 rescues deal with innovative Thirdfort software

    Funding 365 rescues deal with innovative Thirdfort software Funding 365 has saved an unusual commercial bridging deal by employing client onboarding software provided by Thirdfort. The £195,000 bridging loan secured against offices and retail space in the East Midlands was for a corporate borrower with a major shareholder who was sailing a yacht off the coast of Australia. The innovative technology, which Funding 365 has integrated into its underwriting processes, enabled the lender to complete remote, rapid and secure know your customer (KYC), anti-money laundering (AML) and fraud prevention checks on the seafaring shareholder to allow a swift completion of the loan. The intuitive application utilises digital ID checks, facial recognition technology, PEPs and Sanctions screenings and document authentication scans, as well as checks on borrower’s bank accounts facilitated by Open Banking. Read the full story here: https://www.thirdfort.com/resources/funding-365-rescues-deal-with-innovative-thirdfort-software/

  • 1 Year Property Loans | Stepped Rate from 0.49% | Funding 365

    STEPPED RATE LOAN STEPPED RATE LOAN INTEREST RATE From 0.59% up to 60% LTV From 0.69% up to 75% LTV Interest can be paid monthly (in full or in part) or retained upfront LOAN SIZES £100,000 to £10,000,000 Larger loans considered upon application LOCATIONS Across England and Wales LOAN TERMS 3 to 24 months KEY INFORMATION Swipe across for key product information INTEREST RATES LOAN SIZES LOAN TERMS LOCATIONS 3 to 12 months Across England and Wales From 0.49% pm up to 65% LTV for 6 months From 0.55% pm up to 70% LTV for 6 months From 0.59% pm up to 75% LTV for 6 months ​ 1.15% pm from month 7 ​ (Rates based on 1.5% broker commission) ​ ​ 1 1 1 £200,000 to £5,000,000 2 LOAN USES FEES & CHARGES Buying or refinancing residential investment property Development exit and marketing Short term cash flow requirements Arrangement fee: 2% Broker commission: From 1.5% (taken from the arrangement fee) Exit fee: 1.15% Early Repayment Charge: None (interest rebated on a daily basis for loans repaid after the 3rd month) Legal fees: At market rate, provided upon application 4 Valuation fee: At market rate, provided upon application 3 4 Light property refurbishment 2 2 3 Commercial property Owner occupied property Farms or agricultural property First charge unregulated loans only Properties in England and Wales only Adverse credit history considered Semi-commercial properties considered This does not constitute an offer of financing. Heads of Terms and Loan Agreements will be provided by Funding 365 Limited on a case-by-case basis. Funding 365 Limited reserves the right to amend, suspend or terminate this product at any time and without notice. YOUR PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Properties with adverse environmental conditions PRODUCT CHARACTERISTICS PROHIBITED USES 1. Interest is retained upfront and deducted from the gross loan amount | 2. Light property refurbishments is where the works do not exceed 40% of the day one market value and works are funded by the borrower. | 3. Valuation fee is required up front. | 4. Legal fees will be deducted from the loan amount. Your lawyer will be required to provide our lawyer with an undertaking to pay all legal fees in full. ​ DOWNLOAD PDF PRODUCT SHEET From 0.49% pm up to 65% LTV for 6 months From 0.55% pm up to 70% LTV for 6 months From 0.59% pm up to 75% LTV for 6 months £200,000 to £5 million loan size Up to 24 months loan term Example uses: Property purchase (including at auction) Development exit Permitted securities: Unregulated residential properties HMOs Buy to lets Student accommodation Holiday lets with no title restrictions Across England and Wales 1.15% pm from month 7 1.15% exit fee STEPPED RATE LOAN

  • Bridging and development loans | Funding 365

    OUR PRODUCTS We specialise in bespoke, unregulated loans for up to 5 years secured against a wide range of properties across England, Wales and Northern Ireland. We provide up to £5 million and up to 75% LTV and our interest rates start at 0.74% per month flat and 0.49% per month stepped. OUR APPROACH With principal-led funding and a focus on exceptional service, we deliver transparent loans with highly competitive rates at a speed that cannot be beaten. EXPERT FAST BESPOKE HONEST AFFORDABLE FAIR We are specialists and know property finance inside out. Our mandated underwriters aim to provide credit-backed terms in just one hour. We tailor-make each loan to the individual requirements of the client. Our cost structure is always straightforward, transparent and made clear upfront. We offer some of the lowest interest rates in the market. We reject ERCs and believe in rebating interest on a daily basis for loans repaid early. With principal-led funding and a focus on exceptional service, we deliver transparent loans with highly competitive rates at a speed that cannot be beaten. Mid-term mortgages for residential investment and commercial properties. For heavy property refurbs incl. extensions, conversions, PDR schemes and finish & exit. 75% LTV residential bridging with a stepped interest rate and no exit fees or ERCs. For purchase, refinance and / or refurb of commercial and mixed use properties. RESIDENTIAL BRIDGE For purchase, refinance and / or refurbishment of residential properties. OUR PRODUCTS We specialise in bespoke, unregulated loans for up to 36 months secured against a wide range of properties across England and Wales. We provide up to £5 million and up to 75% LTV and our interest rates start at 0.89% per month. COMMERCIAL BRIDGE LIGHT DEVELOPMENT STEPPED RATE BRIDGE 3-5 YEAR LOAN LEARN MORE LEARN MORE LEARN MORE LEARN MORE LEARN MORE LEARN MORE WELCOME TO EXTRAORDINARY FINANCE NORTHERN IRELAND BRIDGE LEARN MORE From 0.84% pm HEAVY REFERBISHMENT From 0.89% pm LEARN MORE COMMERCIAL BRIDGE LIGHT REFURBISHMENT LEARN MORE LEARN MORE From 0.99% From 0.74% pm RESIDENTIAL BRIDGE STEPPED RATE BRIDGE LEARN MORE LEARN MORE From 0.49% pm From 0.74% pm RESIDENTIAL BRIDGE COMMERCIAL BRIDGE LEARN MORE LEARN MORE From 0.99% pm From 0.74% pm Funding 365 is an independent bridging and development lender providing loans secured against properties across England, Wales and Northern Ireland. We believe in transparency and fairness, and combine highly competitive, tailored funding solutions with award-winning service. OUR PRODUCTS We specialise in bespoke, unregulated loans for up to 5 years secured against a wide range of properties across England, Wales and Northern Ireland. We provide up to £5 million and up to 75% LTV and our interest rates start at 0.74% per month flat and 0.49% per month stepped. RESIDENTIAL BRIDGE COMMERCIAL BRIDGE LEARN MORE LEARN MORE From 0.99% pm From 0.89% pm COMMERCIAL BRIDGE ​ For purchase, refinance and / or refurb of commercial and mixed-use properties VIEW GUIDE LIGHT REFURBISHMENT ​ VIEW GUIDE For property refurbs incl. loft conversions, internal refurbishment and one storey extensions RESIDENTIAL BRIDGE ​ VIEW GUIDE For purchase, refinance and / or refurbishment of residential properties ​ ​ HEAVY REFURBISHMENT ​ VIEW GUIDE For heavy property refurbs incl. extensions, conversions, PDR schemes and finish & exit 3-5 YEAR LOAN ​ VIEW GUIDE Mid-term mortgages for residential investment and commercial properties ​ DEVELOPMENT ​ ​ VIEW GUIDE For the construction of residential properties ​ ​ ​ NORTHERN IRELAND BRIDGE ​ VIEW GUIDE For purchase, refinance and / or refurbishment of residential properties in Northern Ireland ​ STEPPED RATE BRIDGE ​ VIEW GUIDE Residential bridging with a stepped rate from 0.49% per month for the first 6 months ​ GROUND UP DEVELOPMENT LEARN MORE From 0.93% pm LEARN MORE 3-5 YEAR LOAN From 9.99% pa OUR APPROACH With principal-led funding and a focus on exceptional service, we deliver transparent loans with highly competitive rates at a speed that cannot be beaten. EXPERT FAST We know bridging finance inside out Credit-backed terms in one hour BESPOKE HONEST Each loan is tailor made to suit the client's needs Transparent, straightforward cost structure AFFORDABLE FAIR Some of the lowest interest rates, with no admin or exit fees We reject ERCs. Interest is rebated on a daily basis for loans repaid early 3-5 YEAR LOAN Mid-term mortgages for residential investment and commercial properties VIEW GUIDE NORTHERN IRELAND BRIDGE For purchase, refinance and / or refurbishment of residential properties in Northern Ireland VIEW GUIDE DEVELOPMENT ​ VIEW GUIDE For the construction of residential property COMMERCIAL BRIDGE VIEW GUIDE For purchase, refinance and / or refurb of commercial and mixed-use properties ​ RESIDENTIAL BRIDGE For purchase, refinance and / or refurbishment of residential properties VIEW GUIDE HEAVY REFURBISHMENT For heavy property refurbs incl. extensions, conversions, PDR schemes and finish & exit ​ VIEW GUIDE LIGHT REFURBISHMENT VIEW GUIDE For property refurbs incl. loft conversions, internal refurbishment and one storey extensions STEPPED RATE BRIDGE Residential bridging with a stepped rate from 0.49% per month for the first 6 months VIEW GUIDE TESTIMONIALS See what our clients have to say. OUR PRODUCTS We specialise in bespoke, unregulated loans for up to 36 months secured against a wide range of properties across England and Wales. We provide up to £5 million and up to 75% LTV and our interest rates start at 0.89% per month. LEARN MORE RESIDENTIAL BRIDGE For purchase, refinance and / or refurbishment of residential properties. ​ For purchase, refinance and / or refurb of commercial and mixed use properties. ​ COMMERCIAL BRIDGE STEPPED RATE BRIDGE 75% LTV residential bridging with a stepped interest rate and no exit fees or ERCs. ​ LIGHT DEVELOPMENT For heavy property refurbs incl. extensions, conversions, PDR schemes and finish & exit. 3-5 YEAR LOAN Mid-term mortgages for residential investment and commercial properties. LEARN MORE GROUND UP DEVELOPMENT For the construction of residential properties. ​ LEARN MORE LEARN MORE LEARN MORE LEARN MORE LEARN MORE LEARN MORE LIGHT REFURBISHMENT HEAVY REFURBISHMENT LEARN MORE LEARN MORE From 0.74% From 0.89% pm RESIDENTIAL BRIDGE COMMERCIAL BRIDGE LEARN MORE LEARN MORE From 0.74% From 0.99% pm LEARN MORE From 0.89% pm DEVELOPMENT ​ 3-5 YEAR LOAN From 9.99% pm LEARN MORE

  • Funding 365 slashes its commercial bridging rates to market leading levels

    Funding 365 slashes its commercial bridging rates to market leading levels Funding 365 slashes its commercial bridging rates to market leading levels Specialist bridge finance provider Funding 365 has this week announced a dramatic reduction in its interest rates for commercial bridging loans. Funding 365 will now offer commercial bridging loans at a market leading interest rate starting at 0.99% per month. Funding 365 Director, Michael Strange comments,“Funding 365 has built a reputation as being one of the fastest and most flexible bridge loan providers in the market, however, with today’s announcement we can now also be recognized as a low cost loan provider." 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.”

  • Semi-Commercial Conversion in Berkshire | Light Development | Funding 365

    The brief Our solution Underwriter quote This was the client's first project so it was important that we crafted a straight forward loan, which we were able to do at our headline rate in just a couple of weeks. We delivered £210,742 in 2 further advances to ensure that the client could complete a high-quality conversion and realise the full potential of the asset. The client sought funds to convert a commercial property in Berkshire, England, into 3 modern apartments, whilst retaining the commercial unit on the ground floor. Although they are inexperienced, the borrower's vision for this site shows real promise. Our simple and efficient way of working gave the client the confidence and resources necessary to achieve a great result. BACK TO PROJECTS £392,500 65% LTV 0.69% PER MONTH SHOP CONVERSION INTO MIXED USE PROPERTY CASE STUDY

  • Funding 365 launches 75 percent LTV stepped rate bridging from 0.59pcm

    Funding 365 launches 75 percent LTV stepped rate bridging from 0.59pcm Funding 365 has today launched a new residential bridging product with a stepped interest rate to deliver 75% LTV loans to borrowers at just 0.59% per month for the first 6 months. From month 7 onwards the rate increases to 1.2% per month, up to a maximum of 18 months. Crucially, as with all of Funding 365’s bridging loans, there are no early repayment charges, admin fees or exit fees. The only fees charged are a 2% arrangement fee plus legal and valuation fees at market rate. Eligible loans are £100,000 to £5million in size and secured against residential investment properties in England and Wales. Permitted uses for the product include buying or refinancing residential investment properties, carrying out light to heavy refurbishments, exiting development projects and managing short term cash flow. Visit www.funding-365.com/products for transparent product guides or call Funding 365’s underwriters directly on 0800 689 0650 for more information, quick answers and bespoke terms within just one hour. Paul Weitzkorn, Director at Funding 365 comments, “Delivering the best possible solutions for borrowers is a passion for everyone here at Funding 365, so we’re really excited to be launching this market-leading product. The stepped rate means that borrowers can benefit from 75% LTV bridging at just 0.59% per month for 6 months. And as with all of our bridging loans, we refuse to add any admin or exit fees which can fly under the radar and really add up for borrowers. There are simply no hidden catches to this product.”

  • Funding 365 Finish & Exit | 14 New Build Houses

    The brief Our solution Underwriter quote We worked closely with all parties to understand the client's requirements and tailor an appropriate solution. Our underwriter on the case crafted a 12 month facility, releasing £2.2 million on day one and £900,000 in further advances to ensure that all of the houses were completed to the highest possible standard. The client required funding to refinance the existing debt on fourteen new build houses in Lincolnshire, England, all in varying stages of completion. Funding was also required to complete the build on the unfinished properties and to start work on their next project. Borrowers requiring finish and exit funding for their part complete projects generally need to access such funds quickly and at rates that don't threaten their profit margins. Fulfilling this criteria can be difficult, which is why we encourage brokers to speak to us first. Our principal-led funding model and industry-leading rates mean that we can move quickly to underwrite the best deals. What's more, our unique set up whereby our underwriters handle each case from initial enquiry to completion makes us apt to spot effective routes forward that a lot of lenders miss. BACK TO PROJECTS BACK TO PROJECTS £3.2 MILLION 75% LTV 0.78% PER MONTH FINISH & EXIT: 14 NEW BUILD HOUSES CASE STUDY

  • Funding 365 launches flexible 3 year property loan products

    Funding 365 launches flexible 3 year property loan products Funding 365 has today announced the launch of two innovative 3 year loan products, designed to be the solution for borrowers looking for highly bespoke property loans for a longer term than a bridge. The new Flexible 3 Year and Bridge to 3 Year products offer a unique level of customisability as the level of pay rates vs retained rates can be tailored to suit the yield of the borrower’s property. Pay rates start at just 3M LIBOR + 3.45% per annum, with retained interest between 1-3% per annum (depending on security type, LTV, loan size, borrower credit profile and desired pay rate). Loans can be up to £3m in size and have a maximum LTV of 75%. An 8 month bridge from 7.49% per annum included in the Bridge to 3 Year product gives even more flexibility to borrowers, allowing them the opportunity to exit within that timeframe with no ERCs. Accepted securities include a wide range of residential (including HMO), semi-commercial and commercial buildings across England and Wales. Unregulated deals only. Borrowers with adverse credit will also be considered. As with all of Funding 365’s loans these new products are available to all brokers, who are encouraged to call Funding 365’s underwriters directly for more information and quick decisions. Visit www.funding-365.com/products for transparent product guides. Funding 365 Managing Director, Mike Strange comments, “Our research found that brokers and borrowers did not have enough choice in the mid-term property finance market, especially in scenarios where the loans would be secured against commercial and specialist properties. Our new 3 year property loans will provide unrivalled solutions to borrowers who are seeking longer term and more tailored solutions than currently exist in the bridging market”.

  • Funding 365 announces new sales director

    Funding 365 announces new sales director Fast bridging lender Funding 365 this week welcomes Paul Weitzkorn to its team as Sales Director. Paul joins from Goldman Sachs, where he was Head of European Mortgage Sales, managing the team responsible for residential and commercial secured products. At Funding 365 he will be responsible for leading sales and intermediary relationships and will be working closely with Dawn Trustam as Business Development Manager. Paul will also be investing in the company alongside the existing directors. Paul comments,“I’ve watched with interest the success that Mike, Jeff and Mike have created in building up Funding 365. Bridging is a dynamic space to be in right now and I’m excited to be joining the team and applying my experience to the industry. I very much look forward to meeting with brokers and packagers - old and new - over the coming months.” Funding 365 Director, Mike Strange comments,“I and the other directors at Funding 365 have known Paul for a long time. I worked with him at Goldman Sachs and Barclays Capital, Jeff Stolz worked with him at Goldman Sachs and Deutsche Bank, and Mike Jinn worked with him at Deutsche Bank. He’s an incredible professional as well as a great guy and we’re delighted to have persuaded him to join us. Watch this space!” Paul can be contacted on paul.weitzkorn@funding-365.com or 0800 689 0650.

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