Here you’ll find news about mtf, as well as our thoughts on all things property related. As an award-winning provider of bridging loans, we always look forward to sharing interesting industry news with you.

Apply for a bridging loan today, or visit our testimonials page to find out what our clients have to say about us.

 

Bridging lender revisits £1m deals

Tuesday 20th March 2012

Bringing a sense of renewed positivity to the bridging industry at a time when the mainstream press remains cautious about this type of finance, B&C spoke to MT Finance who revisited a case completed last year to illustrate the client’s very own happy ending, and in addition talk us through another challenging deal they have just completed…

One Happy Ending

In December of 2011, Bridging and Commercial Distributor reported a deal that bridging lender, MT Finance, had completed in a speedy 72 hour period for a whopping £999,000 loan which was secured by way of a first legal charge over a large freehold building in London NW2.

At the time of the deal the SPV borrower, introduced to MTF by Savills Private, was under serious pressure with their existing lender who was aggressively calling in their original mortgage. Consequently the borrowers required a bridging loan from MTF in order to buy time to sell their property at a fair market value. MTF was able to provide the funding fast which gave the borrower the solution they needed.

This March, the borrower successfully sold their property via a local estate agent at its full market value and redeemed the bridging loan. For MTF, this was again another successful loan and a happy client, which just goes to show how essential bridging can be when the right lender and borrower are matched.

Overcoming Hurdles

As non-status lenders, mtf believe that a strong rationale is more important than a good credit history and so, when a client requested a £1,000,000 second charge loan secured over a residential flat with a nine-year lease term remaining, they were able to find a solution for the client.

Located in Portland Place in London, and introduced directly to mtf by a large private bank in Central London, the flat’s unusually short lease, coupled with the subordinated nature of the security made it, and the transaction, unconventional.

Tomer Aboody, a Director of MT Finance and Head of Business Development, commented: “This case perfectly demonstrates how our internal expertise and experience in real estate adds real value to the underwriting process.

“We understand and are comfortable with the nature and value of a short lease. Equally we were delighted that the private bank reached out directly to mtf for its client reflecting our first-class reputation in the market for delivering reliable, transparent and institutional finance.”

MTF In The Press

To see recent press on mtf click on the links below:

Yahoo Finance – UK

Award-winning Lender MT Finance Expands and Launches Industry Exclusive Bridging Finance Product for European Investors

LONDON, February 6, 2012

MT Finance, the short term real estate non-status lender specializing in bridging finance, has added to its existing capabilities and launched a new service, targeting European investors looking to raise finance against existing London real estate assets, purchase new property or release equity from existing London properties, without having to establish a credit or trading history in the U.K.

In addition, Antoine Richard has joined MT Finance as a director from Paris-based Orco Property Group to help launch the new product alongside MT Finance’s existing management team.

Antoine brings a wealth of experience of European property markets from an investor, developer and asset manager viewpoint and will use his background to offer the new product – for first and second legal charges against residential properties – in French as well as English.

MT Finance has launched this package after seeing an increased demand for bridging finance to fill a liquidity gap as banks struggle with the Eurozone debt crisis, making it harder for investors and borrowers to raise capital.

Antoine Richard commented: “We have recently seen an increase in applications from European investors looking to raise additional finance against property in London to be secured by a second charge.  In some instances this has been to unlock equity which has then been re-invested in the financial markets or into adding value to an existing real estate portfolio. Equally we have seen real demand for rapid, transparent, non-status finance allowing investors to purchase an investment property in the UK market.”

He added: “As liquidity in the U.K.’s mortgage market remains constrained many such applicants appear to have experienced difficulty and considerable delay in raising finance from banks. In recognition of this and in light of the strong French dimension to the MT Finance management team we have decided to create a product specifically tailored to the European community.”

MT Finance was recognised as the ‘Best New Lender’ by Bridging and Commercial in June 2011 and has been shortlisted in the Business MoneyFacts 2012 awards for ‘Best Service from a Bridging Finance Provider’.

MT Finance is a full member of the Association of Short Term Lenders, an affiliate lender of the Association of Bridging Professions and a patron lender of the National Association of Commercial Finance Brokers.

The London-based company specialises in providing short term finance with minimum loans of £100,000 up to a maximum facility of £10,000,000. Loan terms run to a maximum of 18 months and are secured by way of a first or second legal mortgage on a real estate assets in London or the South East of England. With a non-status based approach MT Finance are uniquely positioned to lend to applicants who lack a credit or trading history.

FOR MORE INFORMATION PLEASE CONTACT:
Tomer Aboody
+44(0)207-073-2809

MT Finance Expand Valuation Panel

Tuesday 24th January 2012

Following a year of success and forecast growth into 2012, B&C can exclusively announce that award winning short-term finance lender, MT Finance, has added Aztec Property Valuers to its panel of authorized valuation firms.

The addition to MT Finance’s valuation panel followed an initial successful trial period during which Aztec were instructed to commission a number of reports on behalf of the lender. The trial period was carried out with overwhelming success and the two firms have now begun to work together on future deals.

Commenting on the addition of Aztec Property Valuers to their valuation panel, Tomer Aboody Director and Head of Business Development at MT Finance, said: “In light of the considerable growth we have experienced over the last two years we felt it was necessary to expand our valuation panel to ensure we could continue to deal with a high volume of applications whilst delivering a first rate and fast service.  We are pleased to have added Aztec to our panel and are convinced that their professionalism and commitment to a fast, cost effective, and transparent service matches our own.  The expansion of our panel adds further value to brokers and borrowers who choose MT Finance for its streamlined non-status approach.”

Aztec Property Valuers are equally pleased with the new partnership and are looking forward to the year ahead.  Gill Hall, Managing Director at Aztec Property Valuers added: “I am delighted to be working with MT Finance and am sure that our fast and efficient service together with our quality reporting will add to their already strong and professional profile.  We were recently voted ‘Best Bridging Valuer of The Year’ as we understand that excellent service and quality reporting is the key to success.  We are now looking forward to building a strong relationship with the award winning team at MT Finance.”

MT Finance In Spotlight

MT Finance is a leading provider of bridging finance for residential properties located in London and the South East.

Established in 2007 and winner of the UK’s Best New Bridging Finance Lender award in 2011 (Bridging and Commercial Awards) and further nominated for Best Service from a Bridging Finance Provider for the forthcoming Business Money Facts Awards our outstanding growth was initially driven by introducers coming to us after other funders had let them down. Our continued success in consistently delivering has seen us become the point of first call for introducers looking for a flexible, reliable, tailor made solution from start to finish.

Each case is as important to us, as it is to the introducer and borrower alike. Our privately owned and funded structure allows us to make decisions immediately, and to stick to them to the end. With no upfront fees, rapid response times, and an open and flexible approach MT Finance offers:

  • Non-Status Bridging loans for up to 18 months
  • No Application Forms
  • Immediate decisions
  • 70%  loan to value (75% in Inner London)
  • 100% of Purchase Price
  • Funding for project completions
  • Introducer fee paid on completion

At MT Finance we continue to look for and welcome all loan applications.  We invite introducers to discover and experience the MT Finance difference.

The Five Minute Interview with Tomer Aboody, Director, MT Finance

Tomer Aboody of MT Finance recently gave a 5mn interview to Tony Sanchez at the The Bridging Loan Directory.  The questions and answers are set out below:

What is the best thing about being in the bridging finance business?  

Having the opportunity to facilitate real estate business by providing a practical and fit for purpose solution to a borrower.  The credit crunch has had a massive impact on property investors, developers, and ordinary borrowers and has threatened to prevent the continuation of real estate investment in the U.K. At mtf we take pride in helping borrowers make or save money.

What keeps you focussed?

Always wanting to ensure that mtf consistently deliver results and a top class, fast service across the board. My ambition to try and be the best in everything I do.

What qualities do you look for in your employees or colleagues?

Honesty, hard work, commitment and a team player.

Are you an optimist or a pessimist?

Optimistic for sure. Pessimism breeds negativity. When you approach anything from a positive outlook it dramatically increases the chance of success.

What did you want to be as a child?

Obviously a professional footballer, like every other boy.

What will be the greatest challenge facing the bridging/development finance industry in the coming months?  

As the global financial markets continue to be volatile, with new uncertainty surrounding the Euro, and whilst liquidity remains constrained it will be necessary for bridging lenders to continue to work closely with borrowers, being sensible on the LTVs at which they lend, and to stick to the basic principles of sound underwriting.

Who or what makes you laugh?

Ricky Gervais

Do you dread Monday mornings?

Not really. Sadly I’m a workaholic. I work 7 days a week.

If you could change one thing about yourself, what would it be?

Being able to speak a few more languages.

With whom would you most like to have dinner? 

The British sports media and ask them why they believed Gareth Barry was going to be our saviour in the World Cup!

The Valuation Debate

MT Finance was recently asked by Bridging and Commercial Distributor to provide the company’s perspective on the ongoing debate as to whether responsibility for the payment of valuation fees (including when taking out a bridging loan or otherwise) should fall upon the shoulders of lenders.

We feel: “There is a danger that such a shift could lead to a significant increase in unrealistic, speculative applications on the part of borrowers with nothing to lose.  This would necessitate a re-allocation of resources by lenders; resources better employed in working on applications which are more realistic, improving customer service, and offering better rates to customers.”

At  MT Finance we work with borrowers to save time and money by assessing the respective merits of an application on receipt and before any valuation fees are incurred.  In this way we hope to ensure efficiency and to manage expectations.

Meet MT Finance Directors at NACFB Regional Workshop

MT Finance shall be giving a presentation at the forthcoming NACFB Regional Workshop to be held on 28 September 2011 at the HQS Wellington, Temple Stairs, London.

The day is designed to give NACFB members the opportunity to stay up to date with the latest range of financing options available to their clients throughout the industry and for lenders and brokers alike to share feedback, insight and ideas.

 

MT Finance Declare NACFB Expo Huge Success

MT Finance were one of the major exhibitors at the recent NACFB Commercial Finance Expo held in Birmingham. Show casing our latest range in bridging finance loans we used the day to listen to the feedback from brokers.

The day was a great success and offered the company the opportunity to meet brokers from across the U.K. as well as to present our recently acquired award for being voted the U.K.’s Best New Bridging Finance Company.

The annual event is designed to bring the top Lenders, Banks, and service providers in the commercial and bridging finance industry from across the U.K. together so as to provide the opportunity to meet with, and gather feedback from brokers.  The long list of exhibitors, in addition to MT Finance, included Barclays Bank,  Lloyds, and Legal and General.

MT Finance intends to continue to support the event in the years ahead and has already re-booked as an exhibitor for 2012.  For more information on the NACFB and its upcoming events visit: www.nacfb.org

MT Finance are Proud to Be Patron Lenders of The NACFB.

MT Finance’s Panel Valuer (MJ Consulting) Advises AXA R.E. On €55m Deal

Axa Real Estate Investment Managers has bought a sale and leaseback deal with one of the country’s largest supermarket operators. On behalf of its Alternative Property Income Venture (APIV), AXA has bought the portfolio of 28 stations, located across northern Spain, from Spanish retailer Eroski.

All the properties are subject to a 20-year lease and are located next to Eroski hypermarkets shopping centres or retail parks. The deal brings APIV’s investment to 80.3%, and its portfolio has a gross asset value of Financing for the deal came from a consortium of four Spanish banks, led by Caixa, and also including BBVA, Banesto and Banco Santander.

Daniel Bowden, AXA fund manager, said: ’investments across Europe, as we look to deploy the remainder of the venture’s equity, and arekeen to expand AXA Real Estate’s activities in the alternative real estate sector.”€55m portfolio of Spanish petrol stations in a€600m.’We have identified a strong pipeline of potential APIV was launched in September 2007 and is a Luxembourg pan-European closed-ended real estate investment fund for pan-European institutional investors.

AXA was advised by MJ Group International.

MT Finance Nominated As Best New Bridging Finance Company

MT Finance have been nominated as the Best New Bridging Finance Company for the Bridging & Commercial Awards.

Tomer Aboody, Head of Business Development for MT Finance explained ‘ Although we have now been operative for a number of years, it is true that in 2010 we really stepped up our operations, joining both the NACFB and the ASTL.  Our growth, and the quality of our product range and approach  has brought us to the industry’s attention.  We would be delighted to win the award and look forward to participating in the event.’