Triple Point Private Credit originates £40m in corporate credit facilities for MT Finance

By Bridging Loan Directory 1st October 2024

Triple Point Private Credit, a leading originator of private credit opportunities, has helped to secure £40 million in corporate revolving credit facilities for MT Finance, a leading property finance lender.

This funding agreement will support MT Finance’s lending growth in the UK property market.

The credit facilities build on the previous £8 million of funding supplied in 2021 to support a management buy-out.

The latest credit facilities will further support MT Finance’s loan origination activities and ongoing investment in its operations.

On behalf of the lending businesses it represents, Triple Point Private Credit has a proven track record of originating innovative and flexible funding solutions for the property finance market.

With over 15 years of experience and having originated £3 billion in funding, Triple Point Private Credit has helped support numerous businesses in scaling their operations.

MT Finance specialises in buy-to-let mortgages, bridging loans, and auction finance and has supported numerous property professionals, business owners, and individuals with their finance requirements since its inception in 2008.

Ellis Diamanti, Head of Speciality Finance at Triple Point Private Credit commented:

“We are delighted to have originated an extended funding line with MT Finance, with which we have a long-standing relationship.

The latest credit facilities supplied by the lenders we represent reflect our collective belief in MT Finance’s strategic vision and growth potential within the UK property finance market.”

Ben Lawrence, CFO of MT Finance added:

“We are delighted to have the opportunity to further expand the relationship with Triple Point Private Credit and the lenders they represent.

This agreement strengthens our funding options and will sit alongside and support other existing facilities within the bridging finance arm of the business.”