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Funding 365 completes £3.9m development exit facility




Funding 365 has delivered a £3.9m development exit bridging loan to enable a developer to repay their maturing development facility and sell their properties.

Introduced by Life Financial Solutions, the 75% LTV facility was secured against six terraced houses in Cheshire, one of which was already under offer.

The residential bridging product used offers bespoke solutions from 0.69% per month, secured against properties across England and Wales.

Paul Weitzkorn, director at Funding 365 (pictured above, left), commented: “We’ve delivered seven facilities with the Life Financial Solutions team over the past year across our residential bridging, commercial bridging, and light refurbishment products.


“Here, as with our previous completions, their exemplary level of responsiveness and depth of client relationship came to the fore, facilitating a smooth delivery.”

Jamie Kent, director at Life Financial Solutions (right), added: “It’s always a pleasure working with Funding 365.

“What really sets them apart, though, is their exceptional client service.

“This hands-on approach makes all the difference, especially when we hit a few minor hurdles; rather than leaving us to figure things out, they jumped in with practical solutions and kept everything on track.”

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