Both products deliver first charge, unregulated loans of between £100,000 and £5m (larger on a case-by-case basis) for up to 18 months.
The light refurbishment product also delivers up to 85% LTV, with rates now starting from 0.89%pm, for qualifying loans up to £1m.
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The products cover a range of uses including auction purchases, development exits, and renovations and conversions with costs of works up to 40% of the open market value up to 75% LTGDV.
Funding 365 director Paul Weitzkorn (pictured above) commented: “Margins can be tight for developers and landlords, which is why we always strive to provide the sharpest possible pricing.”
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