Exclusive: Lender lands major securitisation funding line

Bridging finance provider Funding 365 has signed a deal with a UK bank for a substantial eight-figure securitisation financing facility.

Funding 365, who was set up in 2013 by structured finance experts Michael Strange, Jeff Stolz and Mike Jinn, have since built up a highly diverse portfolio of bridging loans against buy-to-let, commercial and development properties.

The new facility has been arranged as a flexible securitisation funding line leveraged against Funding 365’s own capital which allows all lending decision to remain firmly within its control.

Funding 365 Director, Michael Strange commented: “Funding 365 has had an incredibly successful 18 months and all signs point towards exponential growth this year.

“Signing up this securitisation funding line - where all credit control remains with our directors - allows us to continue providing the professional and speedy service our partners have come to expect from us.”