The first saw a client borrow £2.2m against a row of 12 houses in south-east London.
The loan, secured against assets worth £3.4m, allowed the borrower to discharge an existing lender, acquire planning permission for redevelopment and exit the loan through a development finance facility.
Because of the high asset value, MFS was confident enough to carry out the legal process and valuation simultaneously, allowing the loan to be completed in nine working days.
The second loan saw MFS offer a gross loan of £2.8m at an LTV of 70% against a portfolio of 12 flats in Tewkesbury worth £4m.
The client needed the loan to discharge an existing development finance lender and will be able to redeem the new short term loan when the 12 flats have been sold.
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