
Funding 365 launches 75% LTV net for refurbishment loans
Laura Kendall, marketing director at Funding 365, said: “These product improvements are a direct response to feedback from our partners."

Laura Kendall, marketing director at Funding 365, said: “These product improvements are a direct response to feedback from our partners."

The new line will boost lending across bridging, refurbishment, development and specialist BTL products, alongside its existing institutional funding.

The transaction includes the acquisition of Funding 365’s origination platform and existing loan portfolio, as well as newly originated loans.

The £700,000 loan was used to refinance a newly built five-bed house in Nottinghamshire and release cash flow for the developer’s next project.

The loan, introduced by Arc & Co, runs for 12 months and gives the developer more time to market and sell the properties.

The 12-month facility was introduced by Positive Commercial Finance and enabled the borrower to complete renovation works.

The loan was introduced by LEXI Finance and is set at a fixed rate of 0.67% per month for 12 months.

Funding 365 has reduced rates on its AVM Bridge product to match its Residential Bridge offering, with pricing from 0.64% per month up to 65% LTV.

Funding 365 has completed a 0.72% per month semi-commercial bridging loan and a 0.79% per month light refurbishment loan a week apart for clients of SPF Private Clients.

Introduced by Aureum, the 63% loan-to-value (LTV) loan has a term of 12 months to give the borrower ample time to market and sell their properties.

Interest now starts at 0.64% per month up to 65% LTV.

Funding 365 has delivered £8m of 75% loan-to-value (LTV) funding at a rate of 0.79% per month to enable an experienced developer to exit their existing facilities across two new build sites in Surrey.
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