Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Balbec Capital Acquires Specialist Lender Funding 365

Balbec Capital has acquired Funding 365, a specialist lender operating in the UK bridging finance market. The deal includes Funding 365’s origination platform, its existing loan portfolio, and newly originated loans.

Funding 365, founded in 2013, focuses on short-term first charge bridging loans for individuals and SMEs. Since its inception, the lender has completed over 1,700 loans. The acquisition is expected to support Funding 365 in enhancing its range of bridging, development, and specialist buy-to-let (BTL) loans.

The management team at Funding 365, including managing director and co-founder Michael Strange and director Paul Weitzkorn, will remain with the business. They will continue to oversee day-to-day operations under Balbec Capital’s ownership.

Balbec Capital will deploy capital through Funding 365 for its global investment funds. The acquisition is intended to strengthen Balbec Capital’s presence in the UK specialist lending market.

For UK letting agents and inventory clerks, this acquisition signals continued activity and investment in the bridging and specialist lending sector, which may impact the availability and structure of short-term property finance products.