Exclusive: Bridging lender announces major rate cut

Exclusive: Bridging lender announces major rate cut




Specialist bridging finance provider Funding 365 has announced a dramatic reduction in its interest rates for commercial bridging loans.

 Specialist bridging finance provider Funding 365 has announced a dramatic reduction in its interest rates for commercial bridging loans.  

Funding 365 will now offer commercial bridging loans at a market leading monthly interest rate starting at 0.99 per cent.
 
Funding 365 Director, Michael Strange comments: “Funding 365 has built a reputation as being one of the fastest and most flexible bridge loan providers in the market, however, with today’s announcement we can now also be recognized as a low cost loan provider.”
 
The loan size ranges from £100,000 to £5 million, maximum LTV on this product rests at 65 per cent. Applications for loans over the £5 million cap will be considered on merit. Also, access to higher LTVs can be granted with the provision of additional security.
 
The term boundaries span from three months to 12 months, view the full product details on Funding 365’s website.
 
In the 15 months since its launch last year, the team at Funding 365 has built up a highly diversified portfolio of first and second charge, 3 - 12 month loans secured against residential buy-to-let, commercial and development properties across England and Wales.

Funding 365 Ltd was set up by structured finance heavyweights Michael Strange, Jeff Stolz and Mike Jinn.  

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