MFS deploys multi-million pound bridging finance in just four days
Prime Central London (PCL) property is a highly appealing venture for domestic and international investors, yet there is always risk of prospective property investors missing out on an opportunity when relying on a loan from a high street bank
As a result, MFS is regularly inundated with requests from brokers and property investors in need of fast and tailored bridging loan solutions.
Recently, they completed their largest bridging deal to date – deploying a £17.64 million bridging loan in a matter of days.
Following on from this success, MFS has announced that they have recently issued a £4,000,000 bridging loan for a client to help further enhance their existing business.
The loan was completed without delay: upon receiving the enquiry, MFS instructed an immediate valuation before their specialist underwriters devised the terms.
Collectively, the portfolio used as security for the loan had a market value of £6,180,000, amounting to a 65% LTV ratio.
MFS agreed with the client that the exit strategy would follow a normal long-term refinancing plan, with a new lease in place thereafter to enable the borrower to refinance with a mainstream lender.
Importantly, this added complexity did not slow them down: MFS still managed to deploy the bridging loan just four days after receiving the enquiry.
Market Financial Solutions (MFS) deliver expertly tailored finance to support residential, buy-to-let and semi-commercial investment, meaning clients with complex financial set-ups can effectively maximise on market openings as soon as they arise.