The loan supports a refurbishment project that includes a planned loft conversion, with planning approval still pending.

The loan runs for 15 months, funding upgrades to an existing purpose-built student accommodation asset.

The refinancing is backed by three assets totalling 373 student beds across Dundee and Portsmouth, plus a 23-unit Bristol industrial park.

The £522,500 bridging loan completed in 12 days at 65% LTV despite planning consent not yet being submitted.

The £8.25m bridging facility supported the acquisition and repositioning of an £11m London residential portfolio across three SPVs.

Funding included five-year fixed, interest-only mortgages at up to 75% LTV.

The new deal secured a lower rate than the client’s previous lending arrangements.

This latest deal follows a £626k development loan completed by the lender last week at 70% LTGDV, requiring detailed structuring and close coordination among all parties.

The deal featured a bespoke interest structure tied to letting uplifts, reflecting the scheme's temporary under-occupancy at the time of completion.

Funding 365's Light Refurbishment product funds up to 100% of works costs in arrears, capped at 40% of open market value.