The securities comprise seven houses and nine flats.
Funding 365 tailored the loans to include a £540,000 tranche to bring the LTV back up to 75% once the developer has completed the final three properties, which are wind and water-tight but require internal work.
The loan has been provided at a rate of 0.79% per month.
- B&C Awards 2025: The Video
- Funding 365 unveils AVM bridge product
- North West sees surge in demand for online SME funding says 365 Finance
Funding 365 underwriter, Joel Mainwood (pictured above), commented: “This is a great example of both our commitment to delivering client-focused solutions and our highly competitive interest rates.
“Loans are always handled by one underwriter from enquiry to redemption at Funding 365, which is why we’re able to deliver flexibility and certainty from day one.
“Our borrower was looking to consolidate their loans and release cash for other business commitments and it was a pleasure collaborating with them to deliver their ideal result.”
Leave a comment