MFS said the move is in response to growing demand in Southeast Asia for alternative funding sources to mainstream lenders.
The lender said its expansion into Singapore will allow it to take advantage of the city’s position as a global hub for finance, business and investment.
The new offering aims to increase the number of borrowers using bridging in Singapore.
MFS said it will apply the similar due diligence processes and lending models as its London-based company.
UK bridging market expansion
Paresh Raja, chief executive of MFS, said: “The growth of the UK bridging market over the past decade has been remarkable, with borrowers hungry for fast loans to seize property investment opportunities.
“International markets have clearly taken note and for countries like Singapore, which boasts a thriving real estate sector, investor appetite is high.
“MFS’ expansion into Singapore with the launch of MBS marks our first step into the Asian market, and once we have fortified our position, we will be considering further roll-outs to the likes of Hong Kong, China, Indonesia and Malaysia.”
Tiba Raja, director of MBS, added: “Similar to what we have seen in the UK, bridging has become a smart and effective tool for borrowers and brokers in need of a loan to quickly fulfil a financial objective, particularly when it comes to property.
“Because these loans are asset-backed, MFS has been able to support borrowers seeking to act quickly in the UK, and it’s exciting to see these same dynamic services now on offer in Singapore, supported by our tried and tested due diligence process.”