We are delighted to announce we have entered into an agreement with a Global Institutional Investment Manager with over $1.6 Trillion of assets under management. Under the agreement, the Fund has committed to initially acquiring up to £100m of bridging loan assets from the company.
This new agreement follows a similar agreement entered into with the same Investment Manager in 2017 and reflects the successful performance of MT Finance in the past two years. It follows MT Finance having successfully secured £50m in funding from Insight Asset Management in December 2018. MT Finance is now uniquely placed in the short-term lending sector to continue to support property professionals, business owners, and individuals with their finance requirements in the months and years ahead.
Established in 2008, by co-founders Joshua Elash and Tomer Aboody, MT Finance has grown to become one of the largest specialist lenders in the UK. MT Finance’s reputation in the market excels for delivering fit for purpose bridging loans at sensible rates, and its approach to lending is something that has been consistently recognised within the financial services industry with the company winning various sector awards including Best Short-Term Lender at the Mortgage Strategy Awards 2019.
Joshua Elash, MT Finance co-founder, said: “This is a significant endorsement. We have shown discipline and have applied a commercial but sensible approach over the last two years. This new funding reflects the confidence our institutional partners place in MT Finance. We are delighted to continue to be partnering with one of the largest financial institutions in the world, and this additional financial support enables the company to drive forward the ambitious growth plans we have in place to ensure MT Finance continues its development towards becoming the market leading bridging finance provider.”
MT Finance is advised by the Financial Services Corporate Finance team at EY. Joshua Elash said, “we would like to give our thanks to Nick Parkhouse and the team at EY for their continued support and guidance as a key strategic advisor.” Nick Parkhouse, a Partner in the Financial Services Corporate Finance team, said: “the team here is absolutely delighted for Joshua and Tomer and the whole team at MT Finance and look forward to continuing to support them in their future successes.”