Bridging
MT Finance secures £100m backing
An unnamed ‘global institutional investment manager’ has committed to acquiring up to £100m of bridging loan assets from MT Finance.
MT Finance said the deal followed a similar agreement entered into with the same manager – which has more than $1.6 trillion of assets under management – back in 2017.
It follows the lender’s announcement that it had clinched £50m in funding from Insight Asset Management last December.
Joshua Elash, co-founder of the specialist lender, said that this backing represented a “significant endorsement”, noting the firm had shown discipline and applied a sensible approach over the last two years.
He continued: “This additional financial support enables us to drive forward ambitious growth plans to ensure MT Finance continues its development towards becoming the market-leading bridging finance provider.”
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