Bridging lender raises additional funds

Bridging lender raises additional funds




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London-based lender Masthaven Bridging Finance has announced that they have successfully raised an additional tranche of funding.  

The increased facility is a welcome sign after the recent reluctance to lend of other bridging finance providers. According to the firm, the fundraising was required in order to cope with the increased volume of business that they are experiencing.

 

Richard Deacon National Business Development Manager, commented: “Masthaven has had an excellent second half of 2009 and is experiencing significant increases in the volume of deals that we are completing month on month. 

 

“Due to our low fixed rates and second charge lending, for an increasing number of financial brokers we remain the short term lender of choice.”

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