MS Lending

MS Lending Group completes its largest ever loan

MS Lending Group has completed its largest loan to date, a £1.15m development exit bridging facility for two residential properties in Sunbury on Thames.

The funding was used to refinance an existing development loan and allow time to sell the homes on the open market.

MS Lending Group worked together with the client’s broker, Atlas Property Finance, to provide the loan, which was agreed at 60% LTV on a six-month term using its desktop valuation product.

The deal was completed in less than two weeks from application to funding, allowing the client to refinance the existing development loan before it expired.

Adam Klein, property finance broker at Atlas Property Finance, said: “MS Lending Group were a pleasure to work with and we are delighted to get this deal over the line.

“We were most impressed by the constant communication throughout the process and the speed that this lender could make decisions.”

August is MS Lending Group's biggest ever month since its launch in January this year, with over £3m lent to borrowers and multiple deals in the pipeline due to be completed at the end of this month.

Michael Stratton, managing director at MS Lending Group, commented: “We have had a very successful year [and] we have surpassed our projections. 

“Brokers are realising we are as agile and fast as we say we are, with no strict fixed criteria! 

“We review every deal on a case-by-case basis and this means we can facilitate many more bridging loans our competitors cannot.” 

 “As the business is growing it’s important our team reflects this; we have taken on a bigger office space from October and will be recruiting further talent both in the North and South.”

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