MS Lending Group secures further £40m funding line from Pollen Street Capital

By Bridging Loan Directory 19th June 2024

MS Lending Group (“MSLG”) has announced a further £40m funding line extension with Pollen Street Capital.

The further funding extension comes after taking out an additional £20m of funding 3 months ago.

The initial funding facility with Pollen Street Capital was secured by the lender in August 2022, and now totals £90m.

The extension in funds highlights the positive start to 2024 for the bridging lender, with originations double the levels of 2023.

The finance provider, has experienced a record start to 2024, with May being their most successful month to date in terms of money lent, and the number of loans written.

Michael Stratton, CEO & Founder, said:

“The further funds enables MSLG to fully focus on its continued growth journey for the second half of 2024, and most importantly provide our brokers and partners with a quality and service that is unmatched.

We are also proud to continue our relationship with Pollen Street Capital.

To work with a funder who can take you from £0 to just shy of £100m and beyond is exactly what we needed, the relationship allows both companies to match each other’s business ambitions and I’m thrilled our relationship continues to flourish.”

Since MS Lending Group entered the market in 2021, the finance provider has lent over £240m, £55m from January to June 2024, with aims to lend £500m by the end of 2025.

James Bevans, Investment Director at Pollen Street added:

“We are delighted to continue to support MS Lending Group.

MS Lending Group has built a fantastic track record, supported by deep expert knowledge of their clients and the bridging market.

We value working with Michael and his team who are diligent, customer orientated and keen to grow their business.

Our real estate credit strategy aims to support fast growing experienced lenders helping to finance SME developers across the UK primarily in relation to residential-led schemes”.