What's next for Funding 365 after Balbec Capital acquisition?
By Paul WeitzkornFunding 365 recently agreed to become part of a global investment firm and, at the same time, signed a £300m funding line. How will these change the company and what it offers?
Section: magazine
Funding 365 was not looking to be acquired; we were exploring additional sources of capital.
As an independent lender with principal-led funding, all capital since inception had been provided by our directors. We had reached a stage where, to provide the levels of funding our clients were looking for, we needed greater levels of subordinated debt than our own principal alone could deliver.
It was during conversations with capital providers and our advisors that this opportunity emerged. We quickly realised that being part of Balbec Capital was a very compelling proposition. As a global alternative investment manager specialising in mortgage-based credit and real estate strategies, and looking to re-enter the UK bridging market, Balbec was strongly aligned with our long-term ambitions.
Read the full column here.
Keywords: Acquisition, Specialist finance lender, bridging lender, bridging finance, Specialist property news, Exclusive, Funding 365 acquisition