Funding deal

MFS secures £25m funding line

Bridging lender Market Financial Solutions (MFS) has acquired a new funding line worth £25m.

The new capital – which comes from an undisclosed hedge fund manager – will sit in addition to significant existing in-house funding and strengthen the company’s ability to deploy more competitive bridging loans.

MFS also revealed there is now strong potential for further funds.

“We are extremely pleased to have secured funds from a reliable source keen to work with us because of our transparent and highly reputable approach,” commented Paresh Raja, CEO of MFS.

“I am keen to make bridging a positive word in the market and work closely with investors and clients to provide a seamless service.

“The pipeline for MFS funds for 2017 is positive.”

The announcement comes just weeks after MFS funded £12m worth of deals in one month.

The lender is not the only company to have secured additional funding in the new year, with Together having recently agreed a £90m structured credit facility.

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