MFS secures funding line
Market Financial Solutions (MFS) has secured a funding line from a global investment bank.
The additional funds will help the London-based bridging lender as it aims to double the size of its loan book over the next 12 months. MFS has already received in excess of £100m worth of loan applications in the opening six weeks of 2019.
Paresh Raja, chief executive of MFS, said: “We are delighted to have secured this significant new funding line, which puts us in a position of real strength as we look to expand further over the months ahead.
“We will use our diverse sources of funds to continue offering tailored bridging solutions for property investors.
“With competitive rates, capital ready to deploy, and an ability to underwrite complex deals with fast, bespoke solutions – the MFS team is looking forward to hitting many new milestones in 2019, as well as working with a growing community of brokers to deliver great results for their clients.”
The timing of this facility has coincided with a ‘significant’ office and staff expansion as well as its decision to reduce its minimum loan amount from £200,000 to £100,000.