NEW YORK & LONDON–(BUSINESS WIRE)–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.
“This acquisition represents a compelling opportunity to re-enter the UK bridging market alongside a well-established platform and an experienced management team with an excellent credit track record,” said Ryan Singer, Partner and Head of Residential Credit at Balbec. “Owning an origination and servicing platform is essential to effectively access the UK specialist lending market at scale, and provides us with greater control over underwriting standards and asset selection and management. We are thrilled to expand our European real estate capabilities and to support Michael, Paul, and the entire Funding 365 team as they embark on their next phase of growth.”
The acquisition aligns with Balbec’s strategy of building durable, recurring investment pipelines by bolstering origination capabilities in attractive UK credit markets. Bridging finance in the UK offers strong risk-adjusted returns underpinned by low loan-to-value underwriting, and Balbec intends to deploy capital through Funding 365 for its diverse global investment funds.
“Joining forces with Balbec marks an exciting new chapter for Funding 365,” said Michael Strange. “The Balbec team’s deep credit expertise, institutional infrastructure and financing relationships, and technological capabilities will enable us to develop new products, grow our origination volumes, and serve our broker partners and borrowers even more effectively. We look forward to building on our track record together with a partner that shares our commitment to disciplined underwriting, product excellence, and exceptional service.”
Interpath Ltd acted as sole financial advisor to Funding 365, alongside TLT LLP as legal and tax advisor, while Pinsent Masons LLP acted as legal advisor and BDO LLP acted as financial due diligence and tax advisors to Balbec.
Financial terms of the transaction are not being disclosed.
About Balbec Capital
Balbec is an SEC-registered global alternative investment manager founded in 2010, with offices in the United States and Europe. Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved or fragmented markets. More information is available at www.balbec.com.
About Funding 365
Funding 365 is a UK specialist property finance lender established in 2013, focused on providing short-term, first-charge loans for landlords and developers secured against residential investment and commercial property in England, Wales, and Northern Ireland. Products range from bridging to development to short-term specialist buy-to-let loans. Its highly competitive interest rates and focus on personal service have resulted in 100% 5-star Google and Trustpilot reviews and numerous industry awards, including Business Moneyfacts’ ‘Best Service from a Bridging Finance Provider’ and ‘Commercial Underwriting Team of the Year’, and Bridging & Commercial’s ‘Service Excellence’ and ‘Bridging Lender of the Year’. More information is available at www.funding-365.com.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment products. Past performance is not indicative of future results.
