Independent bridging lender MT Finance (MTF) has agreed to sell £125m of its bridging loan assets to an undisclosed global institutional investment manager with an option to sell a further £125m.
Established in 2008 by co-founders Joshua Elash and Tomer Aboody, award-winning lender MTF has completed over £250m in loans in the last few years, backed by relationships with high net worth individuals.
Joshua Elash (pictured), co-founder, said: “We are delighted to be partnering with an institution of such significant standing and this additional funding will enable the company to drive forward the ambitious expansion plans we have in place to grow MTF into the market leading bridging finance provider.”
Tomer Aboody, co-founder, said: “This is an exciting day in MTF’s history and starts a new chapter of growth. We look forward to continuing to engage with our highly valued client and broker relationships. We move forward into 2017 with significant optimism for the future.”
The deal was advised by the financial services corporate team at Ernst & Young.
Nick Parkhouse, executive director and head of financial services debt advisory, said: “The team here is absolutely delighted for Joshua and Tomer and the whole team at MTF and looks forward to continuing to support them in their future successes.”
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.