Balbec Capital Acquires Funding 365, A UK Specialist Property Lender
Acquisition Establishes Dedicated UK Bridging Loan Origination Platform, Expanding Balbec's European Real Estate Capabilities
Balbec Capital LP (“Balbec”), a global alternative investment manager specialising in asset-based credit and real estate strategies, announced the acquisition of Funding 365 Limited (“Funding 365”), a UK-based specialist property lender. The transaction encompasses the acquisition of the Funding 365 origination platform and its existing loan portfolio, along with newly originated loans.
Founded in 2013, Funding 365 is a recognised name in the UK bridging finance market, focused on short-term, first-charge bridging loans to UK individuals and small and medium-sized enterprises. The company markets itself as “Fast Property Finance,” offering same-day credit terms and rapid loan execution, and has originated over 1,700 loans since inception.
The acquisition will allow Funding 365 to enhance its offering of highly competitive, first charge bridging, development and specialist buy to let loans. The Funding 365 management team, including Managing Director and co-founder Michael Strange and Director Paul Weitzkorn, will remain with the business and continue to lead day-to-day operations under Balbec's ownership.
