Market Financial Solutions (MFS) has secured its second funding line in 2021 from a leading global hedge fund.
The new credit line, worth £200m, will help MFS to quickly fund large loans and development exit loans for significant property projects.
The funding line has been sourced from a leading global hedge fund that has over £10bn in assets under management.
MFS said its latest funding arrangement is part of a long-term goal to increase its loan book and expand its institutional funding partnerships.
In January, the bridging lender successfully secured a £150m credit line to meet an increasing demand for its tailored bridging loans. With enquiries rising, MFS indicated that additional funding has been sourced so that loans can be deployed quickly.
“All successful funding partnerships are built on trust and transparency,” commented MFS CEO, Paresh Raja. “Investors want to engage with lenders that have the experience and expertise to take on complex cases, deliver bespoke solutions and come up with creative exit strategies. This is something MFS has continued to excel at.
“This latest funding news is a reflection of the trust and confidence MFS has effectively established over the years with its funding partners. By committing to the highest professional standards, I expect our loan book to continue to grow in the coming months.”
Since inception, MFS has delivered over £1.05bn worth of specialist finance loans, which have been used to cover a variety of asset classes, from residential to commercial property.
“MFS has delivered over 100% volume growth in the last year despite the challenges posed by the pandemic,” Raja added.
“This is testament to the skill and experience of our team, and I look forward to working closely with our funding partners to ensure both their needs, and the needs of our borrowers, are met.”
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