CashNews.co
MT Finance Group has completed a £275 million multi-year funding deal with funds affiliated with Centerbridge Partners, an alternative investment management firm.
The collaboration marks a milestone for MT Finance, boosting its funding capability and strengthening its position in the bridging finance market.
The new forward flow facility will add to MT Finance’s existing institutional funding arrangements.
MT Finance chief financial officer Ben Lawrence says: “We are delighted to have secured this new forward flow facility and look forward to working with the team at Centerbridge.”
“Following strong growth in 2024, this new facility strengthens our funding options and will sit alongside and support MT Finance’s existing facilities with JP Morgan, PIMCO and Triple Point within the bridging finance arm of the business.”
Centerbridge managing director Alvaro Jimenez adds: “We are excited to enter into this funding relationship with MT Finance Group. The team has known MT Finance for many years and has closely followed their path to becoming a leading lender in UK bridging finance.”