Market Financial Solutions issues over £30m in bridging loans during lockdown
Market Financial Solutions (MFS) has deployed over £30 million worth of bridging loans during the COVID-19 lockdown so far.
MFS arranged these bridging loans between 23rd March and 30th June, including both residential and commercial bridging finance.
Recent highlights include the deployment of a £1.2 million second-charge commercial bridging loan to allow a client to complete on a share purchase for a new business and also restructure existing finance.
With access to in-house credit lines and a team of experienced underwriters, MFS has remained open for business throughout the lockdown. The loans deployed reflect its commitment to supporting growing demand for specialist finance, which has gathered pace in recent months.
The lender has also launched a new CRM system to streamline its internal processes, ensuring all enquiries from private clients and brokers can be addressed within hours of being received.
Paresh Raja, pictured, CEO of MFS, said:
“We have experienced a notable increase in enquiries from brokers in need of bridging loans for their clients during lockdown. Not only are brokers requesting loans that can be tailored to meet the complex needs of their clients, they are also after loans that can be deployed quickly to ensure deadlines are met and transactions are completed.
Sophisticated bridging lenders have been vital in propping up the real estate market during this uncertain time, showcasing just how bridging loans can be used to help buyers in difficult situations.
That’s why with lockdown measures easing, I am confident the energetic demand for specialist finance will remain high. As highlighted by the value and volume of loans we have completed so far, bridging lenders like MFS will continue to play an integral role supporting property transactions in the UK.”