Morpheus Lending has completed its first bridging loan following its launch last year.
Its platform aims to facilitate quick bridging loans for property professionals across England and Wales.
The inaugural deal was an unregulated bridging loan to support a refinance and further refurbishment prior to sale and was completed within eight working days from initial enquiry to completion. The transaction leveraged Morpheus’ in-house AI-driven AVM tool alongside more than a dozen other API integrated technologies.
Co-founded by CEO Matt Mawdesley, Morpheus has spent the last 12 months developing its proprietary technology, building robust policies and legal frameworks, and establishing relationships with key stakeholders across the sector.
Commenting on the transaction, CEO Matt Mawdesley said: “This first deal is the culmination of over a year’s hard work from the whole team and marks the start of what we believe is an incredibly exciting journey for Morpheus.
"We see a huge opportunity to drive innovation and deliver sharp customer and broker focus in the specialist lending sector — powered by technology and excellent service. We look forward to working with more property professionals as we scale, expand our offering, and bring continued innovation to the market.”
