You are here: Home - News -

MTF secures £125m loan acquisition deal – exclusive

by:
  • 23/03/2017
  • 0
MTF secures £125m loan acquisition deal – exclusive
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.”

There are 0 Comment(s)

You may also be interested in

Read previous post:
buy-to-let
Furness scraps ICR for buy to let assessment and launches range

Furness Building Society has confirmed plans to assess all buy-to-let loans on affordability and scrapped the Interest Coverage Ratio calculation...

Close