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Bridging lender sells off minority stake

by BestAdvice
24 October 2022
J.P. Morgan provides MT Finance with BTL funding line
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MT Finance has revealed that an American investment company focusing on fixed-income investments has become a minority shareholder in the business having exercised warrants obtained in 2017.

The identity of the shareholder has not been revealed.

MT Finance was established in 2008 by co-founders Joshua Elash and Tomer Aboody.

Elash (pictured) said: “We look forward to welcoming this outstanding institution as a shareholder. The cementing of this relationship will serve MT Finance well in the coming years as we continue to achieve our objectives of being an ESG-focused, multi-solution, financial institution.”

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Nick Parkhouse of EY who advised on the transaction creating the warrants, added: “This is another validation of the growth strategy MT Finance put in place in 2017 to become the leading property lender in the UK. I am confident there will be further and continued exciting news coming from the company in the not-too-distant future.”

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Green Mortgages
    • Help to Buy
    • New build
    • Overseas
    • Regulation
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    • Shared ownership
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    • Consumer BTL
    • HMO/MUFB
    • Holiday Let
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© 2022 Bedazzled Media Limited.
Company Number 11335497. Registered Office: Unit 1, E.M.P. Building, 4 Solent Road, Havant, Hampshire PO9 1JH

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