Market Financial Solutions (MFS) has secured £125m of institutional funding in response to demand for both its bridging products and buy-to-let (BTL) mortgages.
The firm revealed that the increased funding comes from a top-tier investment bank.
With diversified, committed, and scalable funding lines, MFS said it is now on track to grow its loan book to £1.1bn in 2023, with large bridging loans and BTL mortgages continuing to provide two key product areas of growth.
The latest funding adds significant capacity and funding diversification to support the continued growth of MFS’s specialist lending products.
In January 2022, MFS launched its BTL mortgage range to complement its bridging offering. With more than 80 employees spread across two offices, the firm indicated it also has further expansion plans for both its bridging and BTL products.
MFS CEO, Paresh Raja, said: “We’re delighted to have secured this additional £125m funding from leading financial institutions. This will support the growth across our bridging and BTL product lines, and keep us on track to meet our goal of reaching a £1.1bn loan book for 2023.
“Support of existing and new investors to increase their funding for MFS underlines the quality and strength of the platform. Throughout 2022, we have continued to experience high demand from brokers and borrowers – particularly for large loans, BTL mortgages and complex deals – and we continue to service the demand with highly efficient processes. We lend quickly and maintain the highest quality of underwriting and loan management, delivering market leading standards.”
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