MFS completes largest bridging loan to date
Market Financial Solutions (MFS) has completed it’s largest bridging deal to date, issuing a £17.64m loan.
The loan was used to support an LLP’s acquisition of a portfolio of properties in central London.
It was agreed that the exit to the first charge loan would come through a long-term refinancing plan.
Paresh Raja, chief executive of MFS, said: “The final outcome of Brexit may be uncertain, but investors are clearly seeking out new property investment opportunities, particularly here in London.
“The challenge they face is accessing the finance needed to complete on these purchases.
High street banks have become increasingly risk-averse, and this has resulted in more investors turning to specialist lenders to meet their capital demands.
“This bridging loan marks a significant milestone for MFS, demonstrating our expertise in deploying large funds and handling complex cases.
By being able to quickly deploy the necessary finance to our borrower, the case shows just why MFS is ideally placed to manage the needs of investors seeking large bridging loans to quickly complete on a property acquisition.”