Specialist finance lender, MT Finance Group, has secured an additional £500m senior facility from J.P. Morgan.
The additional facility further diversifies the funding structure of the firm and will allow MT Finance to continue expanding its existing lending within the UK short-term finance market.
Established in 2008 by co-founders, Joshua Elash and Tomer Aboody, MT Finance is a specialist finance lender operating in both the UK bridging finance and buy-to-let mortgage market.
The lender stated that its latest transaction has strengthened its relationship with J.P. Morgan following an agreement in July 2022 of a forward flow to support the launch of its buy-to-let mortgage offering.
“We are delighted to have the opportunity to further develop the already strong relationship with JP Morgan,” said chief financial officer of MT Finance Group, Ben Lawrence.
“Having experienced significant growth in 2023, this new funding line provides us with additional capacity to continue this exciting trajectory.”
Executive director within J.P. Morgan’s EMEA Securitised Products Group, Rob Tanna-Smith, added: “We are pleased to be broadening our relationship with MT Finance with this new funding line. This transaction is a clear indication of the scale of MT Finance’s ambitious plans for continued growth within the specialist lending sector.”
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