Balbec Capital LP, a global alternative investment manager focused on asset-based credit and real estate strategies, has acquired UK specialist property lender Funding 365 Limited, strengthening its presence in the United Kingdom’s bridging finance and specialist lending market.
The transaction includes Funding 365’s origination platform, existing loan portfolio, and future loan originations. Financial terms of the deal were not disclosed.
Founded in 2013, Funding 365 has established itself as a recognized provider of short-term property finance in the UK, specializing in first-charge bridging loans for individuals and small and medium-sized enterprises. Operating under the slogan “Fast Property Finance,” the company is known for offering same-day credit terms and rapid loan execution. Since its launch, Funding 365 has originated more than 1,700 loans.
The acquisition gives Balbec a dedicated origination and servicing platform in the UK property lending market while providing Funding 365 with additional capital and institutional resources to expand its product offering and lending capacity.
“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.”
Funding 365’s existing leadership team will remain in place following the transaction. Managing Director and co-founder Michael Strange and Director Paul Weitzkorn will continue overseeing day-to-day operations as the company enters its next phase of growth under Balbec’s ownership.
The company plans to enhance its portfolio of first-charge bridging, development, and specialist buy-to-let lending products while maintaining its focus on rapid execution and customer service.
“Joining forces with Balbec marks an exciting new chapter for Funding 365,” said 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.”
The acquisition aligns with Balbec’s broader strategy of building recurring investment pipelines through direct origination capabilities in attractive credit markets. The firm believes UK bridging finance offers attractive risk-adjusted returns supported by conservative loan-to-value underwriting and strong collateral protection.
Founded in 2010, Balbec is an SEC-registered alternative investment manager with offices in the United States and Europe. The firm invests across residential and commercial mortgage loans, mortgage servicing rights, consumer credit, and other alternative credit assets, leveraging proprietary technology and transaction management platforms to identify opportunities in fragmented and underserved markets.
For Funding 365, the transaction provides access to additional capital that can support larger origination volumes and product expansion. The lender currently offers bridging finance, development loans, and specialist buy-to-let products secured against residential investment and commercial properties across England, Wales, and Northern Ireland.
The company has earned multiple industry awards, including recognition from Business Moneyfacts and Bridging & Commercial for service excellence and underwriting performance, while maintaining strong customer satisfaction ratings.
Interpath served as sole financial advisor to Funding 365, with TLT LLP acting as legal and tax advisor. Balbec was advised by Pinsent Masons LLP as legal counsel and BDO LLP for financial due diligence and tax matters.
The transaction marks another example of institutional capital increasing its presence in specialist property lending, as investors seek direct access to private credit markets offering attractive yields and disciplined underwriting opportunities.