Funding 365 has secured a £200m funding line with a global investment bank.
The facility will bolster Funding 365’s lending capabilities alongside its other institutional lines and in-house funds across unregulated residential, semi-commercial and refurbishment bridging loans.
The bridging and development lender will retain its principal-led funding model, enabling it to continue underwriting in-house.
Mike Strange, director at Funding 365, said: “Our new facility will allow us to significantly readjust our interest rates across our residential and refurbishment products – watch this space.”
