Market Financial Solutions (MFS) has secured its second funding line in 2021, worth £200 million from a global hedge fund.
The bridging lender says its new credit line will help it fund large loans “fast” and development exit loans for significant property projects. It claims it will be able to take on large funding cases where other bridging lenders are not equipped to handle.
In January, MFS secured a £150 million credit line to meet the increasing demand for its tailored bridging loans.
Paresh Raja (pictured), CEO of MFS, said: “All successful funding partnerships are built on trust and transparency. 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.
“Importantly, MFS has delivered over 100% volume growth in the last year despite the challenges posed by the pandemic. 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.”