Market Financial Solutions (MFS) has secured £200 million of additional institutional funding.
This increases a currently deployed funding line and allows the business to expand its lending activities across both the bridging and buy-to-let (BTL) markets.
MFS claims it is on track to grow its loan book to £1.1 billion in 2023. Large bridging loans and buy-to-let mortgages continue to be two key product areas of growth.
Paresh Raja, CEO of MFS, said: “No one needs to be told that the property market and lending sector are navigating some testing waters at present. For MFS, the strength and diversification of our funding is fundamental to the way we support brokers and borrowers – namely, we can offer assurances of our ability to handle large and complex cases, and, crucially, that we always commit to deals. When we say ‘yes’, we always mean ‘yes’, and that’s so important in the current climate.
“Support of existing and new investors underlines the quality and strength of MFS’s products and ways of working. Demand for specialist finance products is high right now as people seek the best option to combat the current macroeconomic trends – we are ideally placed to meet this demand and remain on track to achieve our target of growing our loan book to £1.1 billion in 2023.”
