MS Lending Group complete £3m deal across eight properties in eight days

By Bridging Loan Directory 30th May 2024

Bridging lender, MS Lending Group, have completed a £3m bridging loan helping a client refinance their current facility and release additional capital to acquire multiple properties.

The borrower, used MS Lending Group to raise funds on an existing portfolio of properties he owns to repay a first charge, and raise further funds to facilitate the purchases of two new properties.

The client’s exit strategy is to refinance onto a long term agreement.

Michael Stratton, CEO & Founder of MS Lending Group stated:

“We are delighted to have assisted the client in completing this deal and growing his property portfolio.

We were under a strict timeline to complete which was made easier by having great stakeholders involved and aligned throughout.

As always it’s great to work again with WOTS Group, they trust we will always deliver even when time is of the essence.

Well done team!”

The deal, brokered by Word on the Street, was instructed and completed within eight working days using an existing full valuation.

Michael Street, Word on the Street, said:

“There’s a host of bridging lenders available to brokers, with products and rates not too dissimilar.

The only thing that really sets lenders apart is certainty and service.

Eight properties, £3m gross loan, and eight working days to complete. MS Lending Group and Sam Bryce, in particular, were superb.

Myself, and all of the team, cannot wait to work with them again, and again.”