Morpheus Lending launches revolving credit facility for property professionals

Morpheus Lending has launched a revolving credit facility (RCF), designed to provide property professionals with fast and flexible access to capital across multiple projects.

The lender said the launch comes in response to growing demand from borrowers seeking greater flexibility and speed of execution.

The facility has also been designed to streamline the funding process for introducers, enabling clients to move quickly when opportunities arise.

Available across all property asset classes, the RCF offers facilities of up to £5m and loan terms ranging from three to 18 months.

The product also benefits from fixed pricing, no NUF fees, no exit fees, and fixed drawdown costs, providing borrowers with greater certainty over funding costs.

Borrowers can access funding quickly, repay and redraw throughout the term, and benefit from the flexibility needed to support acquisitions, refurbishments and portfolio growth.

Clients also access Morpheus' fully digital proposition.

Gerald Grimes, group chairman at Morpheus Lending (pictured above), commented: "Our new product provides flexibility and certainty, coupled with our existing commerciality and speed.

“We recognise the fluidity required for property professionals and the Morpheus RCF simply buys into that.”

Morpheus reported that it has already seen strong interest in the new product which it expects to continue.