The multi-million-pound sum was used to support a limited liability partnership’s acquisition of a portfolio of properties in central London. Collectively, the property portfolio had a market value of £27,147,000.
Paresh Raja (pictured), CEO of MFS, said: “The final outcome of Brexit may be uncertain, but investors are clearly seeking out new property investment opportunities, particularly here in London. The challenge they face is accessing the finance needed to complete on these purchases. High street banks have become increasingly risk-averse, and this has resulted in more investors turning to specialist lenders to meet their capital demands.
“This bridging loan marks a significant milestone for MFS, demonstrating our expertise in deploying large funds and handling complex cases. By being able to quickly deploy the necessary finance to our borrower, the case shows just why MFS is ideally placed to manage the needs of investors seeking large bridging loans to quickly complete on a property acquisition.”
Raja said the latest loan demonstrated its capabilities in “handling complex cases at the upper end of the property market” and “addressing the specialist finance needs of high-net-worth individuals.”
He added: “Looking to the future, MFS will continue to service this end of the market while at the same time supporting the needs of loans starting from £100,000.”