Morpheus Lending has completed its first bridging loan, marking a key milestone for the digital-first lender following its launch last year.
The unregulated transaction supported a refinance and refurbishment prior to sale and was finalised within eight working days from initial enquiry to completion.
The deal highlights the capabilities of Morpheus’ proprietary digital platform, which integrates more than a dozen APIs and includes an in-house, AI-powered automated valuation model (AVM) to accelerate underwriting and decision-making.
Founded by chief executive Matt Mawdesley, Morpheus Lending has spent the past year developing its internal technology, building legal frameworks and assembling a team of industry specialists.
The business aims to use digital innovation to improve the speed, transparency and consistency of bridging loans for property professionals across England and Wales.
Mawdesley said: “This first deal is the culmination of over a year’s hard work from the whole team and marks the start of what we believe is an incredibly exciting journey for Morpheus.
“We see a huge opportunity to drive innovation and deliver sharp customer and broker focus in the specialist lending sector – powered by technology and excellent service.
“We look forward to working with more property professionals as we scale, expand our offering, and bring continued innovation to the market.”
Morpheus Lending focuses on unregulated bridging loans and is currently expanding its reach across the property sector, actively engaging with brokers, investors and borrowers.
