Market Financial Solutions

MFS secures new funding line

Market Financial Solutions (MFS) has secured a “major” new funding line from a global investment bank.

The funding will help the bridging lender with its plans to double the size of its loan book over the next 12 months.

MFS claimed that it had received more than £100m worth of loan applications so far in 2019.

This new facility coincides with a “significant” office and staff expansion at MFS.

The bridging lender also recently decided to reduce its minimum loan amount from £200,000 to £100,000 to cater for regional demand.

Paresh Raja, CEO at MFS (pictured above), said: “We are delighted to have secured this significant new funding line, which puts us in a position of real strength as we look to expand further over the months ahead.

“We will use our diverse sources of funds to continue offering tailored bridging solutions for property investors.

“With competitive rates, capital ready to deploy and an ability to underwrite complex deals with fast, bespoke solutions — the MFS team is looking forward to hitting many new milestones in 2019, as well as working with a growing community of brokers to deliver great results for their clients.”

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