The increase will support further expansion plans for both its bridging and BTL products
Bridging and buy-to-let lender Market Financial Solutions (MFS) has secured £125 million of institutional funding from a top-tier investment bank.
MFS, which expects its loan book to grow to £1.1 billion in 2023, said the increased funding will add significant capacity and funding diversification to support the continued growth of its specialist lending products.
Founded in 2006, London-based MFS claims to be one of the leading bridging lenders by market share in the UK. In January 2022, it launched its BTL mortgage range to complement its bridging offering. With more than 80 employees spread across two offices, MFS has further expansion plans for both its bridging and BTL products.
“We’re delighted to have secured this additional £125 million funding from leading financial institutions,” Paresh Raja (pictured), chief executive at Market Financial Solutions, said. “This will support the growth across our bridging and BTL product lines, and keep us on track to meet our goal of reaching a £1.1 billion loan book for 2023.”
Raja added that the support of existing and new investors to increase their funding for MFS underlines the quality and strength of the platform.
“Throughout 2022, we have continued to experience high demand from brokers and borrowers – particularly for large loans, BTL mortgages and complex deals – and we continue to service the demand with highly efficient processes,” he stated. “We lend quickly and maintain the highest quality of underwriting and loan management, delivering market leading standards.”