Specialist lender Market Financial Solutions (MFS) has renewed and upsized institutional funding lines of over £1bn.
The firm said that funding lines would be able to “fuel the growth of the lender’s loan book in response to rising demand for specialist finance”.
The lender had previously set a target of reaching a £1.5bn as loan book size by the end of 2023.
The extra capital from multiple leading institutional investors will up the lender’s capacity to offer bridging, buy-to-let, its new bridge fusion range and commercial real estate loans.
MFS was founded in 2006 and the company offers financing of up to £50m with terms ranging from three months to five years.
The lender said that so far this year it had seen a “surge in broker enquiries” adding that more landlords and investors were looking to specialist finance to “seize new opportunities and finalise transactions swiftly in the backdrop of rapidly evolving economic and political conditions”.
Paresh Raja (pictured), CEO of MFS, said: “Although there has been an improvement in the economic climate with inflation falling, the property market continues to face significant challenges, with higher rates causing potential buyers to withdraw or delay their purchasing plans until the Bank of England reduces the base rate.
“However, challenges bring opportunities, and many investors are turning to specialist finance to expedite their plans and to benefit from the certainty that a bespoke approach to lending can provide.
“The renewed funding line will help MFS support those investors and brokers, and the continued backing and confidence that we receive from these investors demonstrates the quality of MFS’s products and operations. It’s been a busy six months, and I look forward to seeing MFS go from strength to strength in the second half of the year.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
