The sale follows a decision to exercise warrants obtained in 2017.
The specialist property finance lender was started in 2008 by Joshua Elash and Tomer Aboody.
The company said the investment marked an important milestone for the company and follows the launch of a regulated bridging product in 2020 and a new buy-to-let (BTL) offering in July 2022.
‘A validation of MT Finance’s strategy’
Joshua Elash (pictured), director and founder of MT Finance, said: “We look forward to welcoming this outstanding institution as a shareholder. The cementing of this relationship will serve MT Finance well in the coming years as we continue to achieve our objectives of being an ESG-focused, multi-solution, financial institution.”
Nick Parkhouse of EY advised on the transaction creating the warrants. He added: “This is another validation of the growth strategy MT Finance put in place in 2017 to become the leading property lender in the UK. I am confident there will be further and continued exciting news coming from the company in the not-too-distant future.”
It has been a busy year for MT Finance. Over the summer, Specialist Lending Solutions reported that the firm has agreed a forward flow agreement with investment bank J.P. Morgan to support the launch of its BTL mortgage offering.
