Funding 365 and Life Financial Solutions have completed a £3.9m development exit bridging loan at 75% loan-to-value (LTV).
The loan will help a developer repay their maturing facility and provides time to sell six terraced houses in Cheshire, one of which is under offer.
The loan was introduced by Life Financial Solutions and is part of Funding 365’s residential bridge product, offering solutions from 0.69% per month across properties in England and Wales.
Paul Weitzkorn (pictured, left), director at Funding 365, said: “We’ve delivered seven facilities with the Life Financial Solutions team over the past year across our residential bridge, commercial bridge 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 (pictured, right), director at Life Financial Solutions, said: “It’s always a pleasure working with Funding 365.
“The team always demonstrates a level of professionalism and efficiency that truly stands out.
“What really sets them apart, though, is their exceptional client service. The team were incredibly proactive and always just a phone call away.”
Kent added: “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.”
