Property finance lender MT Finance has secured a 拢275m (鈧�328.4m) investment from Centerbridge Partners.
MT Finance said the multi-year funding deal with the Centerbridge funds will complement its existing institutional funding arrangements, 鈥渆nhancing the company鈥檚 ability to better support its clients and meet the increasing demand for bridging loans in the UK property market鈥�.
Ben Lawrence, CFO of MT Finance, said: 鈥淲e are delighted to have secured this new forward flow facility and look forward to working with the team at Centerbridge.
鈥淔ollowing strong growth in 2024, this new facility strengthens our funding options and will sit alongside and support MT Finance鈥檚 existing facilities with JP Morgan, PIMCO and Triple Point within the bridging finance arm of the business.鈥�
Alvaro Jimenez, managing director at Centerbridge said: 鈥淲e are excited to enter into this funding relationship with MT Finance Group. The team has known MT Finance for many years and has closely followed their path to becoming a leading lender in UK bridging finance.
鈥淚t is a great pleasure to become a relevant part of the next chapter of MT Finance鈥檚 growth story as they continue to meet the ever-increasing demand for bridging loans in the UK property market.鈥�
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