MFS

MFS completes £4.5m bridging loan in four days



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Mayfair-based bridging lender Market Financial Solutions (MFS) has completed a £4.5m loan in just four days.

The multi-million-pound facility was used to complete on a central London property in Kensington.

The property had a market value of £6m resulting in a deal at 75% LTV.

The borrower — a returning client for MFS — was a high-net-worth investor with an expanding real estate portfolio.

MFS instructed a valuer to complete a report on the property on the same day that it received the enquiry to ensure the loan was arranged without delay.

With the help of fast-acting solicitors, the deal was completed in just four days.

The client will exit the loan via a long-term refinancing plan.

Paresh Raja, CEO at MFS (pictured above), said: “Fast access to finance is of huge importance for most HNWs looking to capitalise on highly sought-after property investment opportunities.

“This case highlights MFS’s ability to provide bespoke bridging loans with speed and diligence, ensuring clients get the support they need and do not miss out on a property.

“Amid the political and economic uncertainty emanating from the ongoing Brexit saga, we are speaking with many property investors who have experienced lenders pulling out of deals halfway through.

“But at MFS, yes means yes.

“Thanks to the strength of our funding lines and the expertise of our growing team, we can handle even the most complicated enquiries and deliver tailored loans that meet the needs of each individual borrower.”

 

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