The Five Minute Interview with Krisha Karunananthan, Senior Underwriter at Funding 365 11 March 2024 READ MORE Funding 365 and Arc & Co Deliver £5.2m Bridge at 0.8%pm 12 February 2024 READ MORE Funding 365 expands into Northern Ireland 15 January 2024 READ MORE Funding 365 unveils new bridging and refurbishment loan rates 27 November 2023 READ MORE Funding 365 secures £200m funding facility 20 November 2023 READ MORE Funding 365 launches ground up development product 14 June 2023 READ MORE Funding 365 launches pledge to rebate auction property valuation fees 30 January 2023 READ MORE Funding 365 completes £6.5m development exit bridging loan 9 November 2022 READ MORE Funding 365 Delivers £4.75m of stepped rate bridging for developer 29 March 2022 READ MORE Funding 365 Saves auction purchase in 5 days 13 February 2022 READ MORE Funding 365 Delivers £7.2m for 50 apartments in Peterborough 3 February 2022 READ MORE Funding 365 Delivers £3.2m 75 percent LTV finish & exit facility 12 January 2022 READ MORE Funding 365 Delivers 75 percent LTV bridge at 0.67pcm 2 November 2021 READ MORE Funding 365 adds two hires to its graduate scheme 13 August 2021 READ MORE Funding 365 urges SMEs to apply for CBILS before end of March deadline 14 March 2021 READ MORE Funding 365 receives increased CBILS allocation from the British Business Bank 17 January 2021 READ MORE Funding 365 completes 75 percent LTV £2million loan with Black Book Finance 5 December 2020 READ MORE Funding 365 accredited under coronavirus business interruption loan scheme 27 November 2020 READ MORE Funding 365 reports record month in October 6 November 2020 READ MORE Funding 365 launches 75 percent LTV stepped rate bridging from 0.59pcm 12 October 2020 READ MORE Funding 365 delivers light development loans from 0.74 pcm with no exit fee 9 September 2020 READ MORE Funding 365 announces move into development finance 13 August 2020 READ MORE Funding 365 releases enhanced flexible 3 year range 13 February 2020 READ MORE Funding 365 rescues deal with innovative Thirdfort software 18 November 2019 READ MORE Funding 365 delivers £1.1million auction finance at 0.59pcm 6 October 2019 READ MORE Funding 365 launches flexible 3 year property loan products 12 September 2019 READ MORE Funding 365 and Mantra Capital save auction purchase in just 3 days 1 August 2019 READ MORE Funding 365 slashes bridging rates to 0.59 percent residential and 0.69 percent commercial 11 May 2019 READ MORE Funding 365 completes bridging loan in 24 hours 5 May 2019 READ MORE Funding 365 completes £2.7m development exit bridge in just 3 days 1 March 2019 READ MORE Funding 365 completes complex £3m semi-commercial bridging loan 7 January 2019 READ MORE Funding 365 completes £1.6m commercial bridge in just 3 days 15 October 2018 READ MORE Funding 365 completes short lease bridging loan in just 3 days 26 June 2018 READ MORE Funding 365 relocates amid plans to grow team by 25 percent 12 June 2018 READ MORE Funding 365 increases maximum loan term to 18 months 22 October 2017 READ MORE Funding 365s charity gallop raises over £1,250 6 October 2017 READ MORE Funding 365 promotes Eddie Boakye to Head of Underwriting 1 October 2017 READ MORE Funding 365 and Adapt complete £3m of complex bridging loans this month 1 October 2017 READ MORE Funding 365 reveals reduced commercial bridging rates from 0.75 percent pcm 1 April 2017 READ MORE Funding 365 launches innovative short lease bridging product 1 November 2016 READ MORE Funding 365 announces new sales director 1 September 2016 READ MORE Funding 365 completes £8.5m bridging loan in just 3 working days 1 June 2016 READ MORE Funding 365 slashes its commercial bridging rates to 0.85 percent pcm 21 February 2016 READ MORE Funding 365 expands team with new Underwriter 5 February 2016 READ MORE Funding 365 added to Bridging Loan Directory 1 February 2016 READ MORE Funding 365 reveals new business development manager 8 November 2015 READ MORE Funding 365 launches new 0.65 percent pcm prime product 1 October 2015 READ MORE AOBP Lender Bulletin: How can we improve the bridging industry? 3 July 2015 READ MORE Funding 365 increases lending power with securitisation financing 1 April 2015 READ MORE Funding 365 appoints new underwriter 1 January 2015 READ MORE NEWS READ ALL ABOUT IT

The Five Minute Interview with Krisha Karunananthan, Senior Underwriter at Funding 365 11 March 2024 READ MORE Funding 365 and Arc & Co Deliver £5.2m Bridge at 0.8%pm 12 February 2024 READ MORE Funding 365 expands into Northern Ireland 15 January 2024 READ MORE Funding 365 unveils new bridging and refurbishment loan rates 27 November 2023 READ MORE Funding 365 secures £200m funding facility 20 November 2023 READ MORE Funding 365 launches ground up development product 14 June 2023 READ MORE Funding 365 launches pledge to rebate auction property valuation fees 30 January 2023 READ MORE Funding 365 completes £6.5m development exit bridging loan 9 November 2022 READ MORE Funding 365 Delivers £4.75m of stepped rate bridging for developer 29 March 2022 READ MORE Funding 365 Saves auction purchase in 5 days 13 February 2022 READ MORE Funding 365 Delivers £7.2m for 50 apartments in Peterborough 3 February 2022 READ MORE Funding 365 Delivers £3.2m 75 percent LTV finish & exit facility 12 January 2022 READ MORE Funding 365 Delivers 75 percent LTV bridge at 0.67pcm 2 November 2021 READ MORE Funding 365 adds two hires to its graduate scheme 13 August 2021 READ MORE Funding 365 urges SMEs to apply for CBILS before end of March deadline 14 March 2021 READ MORE Funding 365 receives increased CBILS allocation from the British Business Bank 17 January 2021 READ MORE Funding 365 completes 75 percent LTV £2million loan with Black Book Finance 5 December 2020 READ MORE Funding 365 accredited under coronavirus business interruption loan scheme 27 November 2020 READ MORE Funding 365 reports record month in October 6 November 2020 READ MORE Funding 365 launches 75 percent LTV stepped rate bridging from 0.59pcm 12 October 2020 READ MORE Funding 365 delivers light development loans from 0.74 pcm with no exit fee 9 September 2020 READ MORE Funding 365 announces move into development finance 13 August 2020 READ MORE Funding 365 releases enhanced flexible 3 year range 13 February 2020 READ MORE Funding 365 rescues deal with innovative Thirdfort software 18 November 2019 READ MORE Funding 365 delivers £1.1million auction finance at 0.59pcm 6 October 2019 READ MORE Funding 365 launches flexible 3 year property loan products 12 September 2019 READ MORE Funding 365 and Mantra Capital save auction purchase in just 3 days 1 August 2019 READ MORE Funding 365 slashes bridging rates to 0.59 percent residential and 0.69 percent commercial 11 May 2019 READ MORE Funding 365 completes bridging loan in 24 hours 5 May 2019 READ MORE Funding 365 completes £2.7m development exit bridge in just 3 days 1 March 2019 READ MORE Funding 365 completes complex £3m semi-commercial bridging loan 7 January 2019 READ MORE Funding 365 completes £1.6m commercial bridge in just 3 days 15 October 2018 READ MORE Funding 365 completes short lease bridging loan in just 3 days 26 June 2018 READ MORE Funding 365 relocates amid plans to grow team by 25 percent 12 June 2018 READ MORE Funding 365 increases maximum loan term to 18 months 22 October 2017 READ MORE Funding 365s charity gallop raises over £1,250 6 October 2017 READ MORE Funding 365 promotes Eddie Boakye to Head of Underwriting 1 October 2017 READ MORE Funding 365 and Adapt complete £3m of complex bridging loans this month 1 October 2017 READ MORE Funding 365 reveals reduced commercial bridging rates from 0.75 percent pcm 1 April 2017 READ MORE Funding 365 launches innovative short lease bridging product 1 November 2016 READ MORE Funding 365 announces new sales director 1 September 2016 READ MORE Funding 365 completes £8.5m bridging loan in just 3 working days 1 June 2016 READ MORE Funding 365 slashes its commercial bridging rates to 0.85 percent pcm 21 February 2016 READ MORE Funding 365 expands team with new Underwriter 5 February 2016 READ MORE Funding 365 added to Bridging Loan Directory 1 February 2016 READ MORE Funding 365 reveals new business development manager 8 November 2015 READ MORE Funding 365 launches new 0.65 percent pcm prime product 1 October 2015 READ MORE AOBP Lender Bulletin: How can we improve the bridging industry? 3 July 2015 READ MORE Funding 365 increases lending power with securitisation financing 1 April 2015 READ MORE Funding 365 appoints new underwriter 1 January 2015 READ MORE NEWS READ ALL ABOUT IT

The Five Minute Interview with Krisha Karunananthan, Senior Underwriter at Funding 365 In our latest Five Minute Interview, Tony Sanchez speaks to Krisha Karunananthan, Senior Underwriter at Funding 365. What is the best thing about being in the bridging and development finance business? "Every day is different – yes, very clichéd, but it’s the truth! Underwriting can become very repetitive if you just deal with ‘vanilla’ cases, but we deal with such a vast range of cases and clients. I can’t name two cases that I’ve worked on that were the same, which keeps my job incredibly interesting. The learning never stops." What keeps you focused? "Music. I’m a sucker for a strong Spotify playlist and we always have Alexa playing in the office. A good remix keeps the motivation high… although if James Blunt comes on, my productivity will no longer be Beautiful." What qualities do you look for in your employees or colleagues? "A warm personality. Funding 365 only hires recent graduates, so being smart and motivated to learn is a given. It’s a hard one to judge at interview, but a friendly personality can’t be trained and we’re a close knit and happy company. I would also say good taste in music, but that’s already questionable amongst the team!" Are you an optimist or a pessimist? "Underwriters can’t be too optimistic at work… You can be exposed to risky transactions and over-optimistic clients, so being aware of all that could go wrong helps you to underwrite a deal properly. However, ask me for general life advice and my optimism will shine though!" What will be the greatest challenge facing the bridging and development finance industry in the coming months? "Our industry feels quite positive at the moment. The main concern for lenders is staying competitive, as we’re seeing considerably more shopping around from brokers and borrowers than we did before the pandemic. So fit-for-purpose products and compelling interest rates are essential. Borrowers also want reliable lenders who won’t mess them around. Luckily, rates and reliability are areas that Funding 365 has always excelled at." Who or what makes you laugh? "I love a meme and Tamil comedy is always top tier!" Do you dread Monday mornings? "No-one loves a Monday, but no. It’s nothing but fun vibes and great banter in our office, so I’m very lucky." If you could change one thing about yourself, what would it be? "My height. It’s such a mission getting outfits because I’m 5’ 10 and I feel like I’m being penalised for something out of my control." With whom would you most like to have dinner? "Kendrick Lamar – a genius musician!"

Funding 365 and Arc & Co Deliver £5.2m Bridge at 0.8%pm Funding 365 has completed a £5.2 million development exit bridging loan at 68% LTV with a flat rate of 0.8% per month to refinance 8 flats and 1 commercial unit in East London. The 12 month loan, introduced by Arc & Co, enables the developer borrower to exit their development funding and complete the sale of multiple units. Additional funds have also been built into the facility to support onward projects. The team delivered the loan in under 6 weeks, with correspondence throughout Christmas to ensure completion to deadline. The loan is under Funding 365’s versatile unregulated Residential Bridge product. With interest starting from just 0.74% per month fixed, it offers bespoke solutions of up to £5 million + secured against properties across England and Wales with no admin fees, exit fees or early redemption charges. All of Funding 365’s transparent products can be viewed on its website www.funding-365.com/products Funding 365 Underwriter, Nick Hogan, comments, “It’s always satisfying managing a case from enquiry all the way to completion, but even more so when the broker is as collaborative as Tom Berry. This loan is a great example of our highly competitive interest rates in combination with our personal service.” Arc & Co Director, Tom Berry, adds, “I’m delighted to have completed this facility swiftly with Funding 365. A competitively priced product for our client, which was great to deliver. It’s a pleasure working with Nick, and I look forward to working together again on future transactions.”

Funding 365 expands into Northern Ireland Specialist property lender, Funding 365, has today announced the launch of its residential bridging proposition for Northern Ireland. Developer and landlord borrowers looking for funding for residential properties in Northern Ireland can now take advantage of interest rates from 0.84% per month and LTVs up to 65%, delivered with Funding 365’s award-winning service and speed. The new product caters for unregulated loans from £100,000 to £2 million in size, for terms up to 18 months. Permitted uses for the loans include buying or refinancing residential property, light to medium property refurbishment, development exit and short term business cash flow. A transparent product guide can be viewed on Funding 365’s website www.funding-365.com/northern-ireland and its decision-making underwriters and directors can be reached directly on 0800 689 0650 or underwriting@funding-365.com Funding 365’s Northern Irish Managing Director, Michael Strange, will be in Belfast next week to meet with brokers, borrowers, lawyers and valuers and encourages anyone keen to meet face-to-face to give him a call on 0800 689 0650. Funding 365 Managing Director, Michael Strange, comments, “I was born and raised in County Antrim, so a move into funding Northern Irish property has always been in our sights. I am delighted to be able to officially launch this product following a successful soft launch. We are looking forward to getting to know more Northern Irish property professionals and to delivering our highly competitive solutions for this underserved region.”

Funding 365 completes complex £3m semi-commercial bridging loan Funding 365 partnered with finance brokerage Kalms Property Finance to deliver a £3million semi-commercial bridging loan secured against a commercial unit and a residential mews house in London. The loan enabled the client to exit a development loan which they had used to build the commercial property on land adjacent to the existing house. It also provided them with short-term cashflow to allow them to focus on letting the commercial space and refurbishing the residential property. The Funding 365 team met with the borrower on site to discuss the proposal and oversee the valuation 2 days after the valuation was instructed, and the loan was executed within 10 days to meet their deadline. Despite the commercial unit being part vacant post works and the mews house being fully vacant and requiring refurbishment, Funding 365 delivered an interest rate of 0.85%pm at 67% net LTV. The planned exit route for the loan is via a restructure of the client's large property portfolio and refinance of other unencumbered assets. Paul Weitzkorn, director at Funding 365 comments, ”The smooth execution of this complicated loan was down to great teamwork from all parties involved - borrower, broker, lender, surveyors and lawyers. Funding 365’s bridging loan terms are always credit-backed, so even when complexities present at the due diligence stage we are able to stay commercially minded and deliver the required funds to the client at a highly competitive rate.”. Samuel Kalms, director at Kalms Property Finance adds, “It was a pleasure working with Funding 365 on this refinance. Their process and turnaround time coupled with experience and dealing with decision makers was extremely valuable and enabled us to deal with a number of last minute hurdles to get the loan over the line within the tight timeframe.”

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.

Funding 365 and Mantra Capital save auction purchase in just 3 days Last week Funding 365 completed on a bridging loan brokered by Mantra Capital in just 3 days, to rescue a client’s auction purchase of 3 flats in East London. Funding 365 stepped in to deliver the £270,000 to a tight deadline after the original lender pulled out at the last minute due to one of the flats being in an unlettable condition. As timing was critical, Funding 365 arranged for a valuer to be on site the day after application and completed the deal with only a verbal valuation figure confirmed. Post-purchase the client plans to fully refurbish the flats and resolve a planning issue before refinancing on to a buy to let mortgage. Funding 365 Senior Underwriter, Calum Waite, comments, “We pride ourselves on being able to turn around loan applications in rapid time - no matter how complicated the securities or unusual the circumstances. However, we can’t do this alone - thanks to our legal and valuation partners, and of course Mantra Capital for their assistance in progressing the loan to completion with time to spare.” Nerpal Singh, Commercial Relationship Manager at Mantra Capital comments, "We were under considerable pressure when the original lender pulled out of the transaction and left the client in a difficult situation. However, due to our experience, knowledge of the market and close working relationship with Funding 365, coupled with their pragmatic approach, we were able to find an acceptable solution for our client. Thanks to everyone involved.”

Funding 365 delivers light development loans from 0.74 pcm with no exit fee Funding 365 has today announced that it has sharpened the pricing on its Light Development product with interest rates that start from just 0.74% per month with no exit fee. The product is designed to enable property developers to carry out heavy refurbishments, extensions, building conversions and PDR schemes, as well as finish and exit development projects. Eligible loans are £200,000 to £3million in size and secured against properties in England and Wales for up to 24 months. The maximum LTV is 75% (day one) and clients can also borrow up to 100% cost of works, up to a maximum LTGDV of 70%. The only fees charged are a 2% arrangement fee plus legal and valuation / monitoring fees at market rate. As with all of Funding 365’s products this is available to all brokers, with no waiting lists. 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. Laura Kendall, Marketing Director at Funding 365 explains, “We previously included an exit fee in our Light Development product as this is how the majority of development lenders price their loans. But as we’ve settled in to the development market we’ve found that most of our brokers and borrowers appreciate their loans being priced in the same way that we price our bridging loans, with no exit fees (or application fees, admin fees, early redemption fees or other such fees). We also found that we were, in practice, writing some loans that were a little lower than our advertised interest rate, so we adjusted that too. We’re constantly assessing our products to make sure that they’re delivering for clients.”

Funding 365 completes 75 percent LTV £2million loan with Black Book Finance Funding 365 has this week completed a large portfolio refinance brokered by Black Book Finance. The tailored loan was to enable the borrower to restructure the debt across their seven properties – including an HMO - in Bristol. Alongside restructuring the current debt, the borrower also needed to release cash to purchase another BTL property to add to their portfolio. As their properties had strong rental yields Funding 365 was able to offer 75% LTV – just what the borrower required to cover the refinance and cash raise.

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/