CashNews.co
MT Finance Group has completed a £275 million multi-year funding deal with funds affiliated with Centerbridge Partners, a global alternative investment management firm.
This strategic collaboration boosts MT Finance’s funding capability and the new forward flow facility will complement the short-term lender’s existing institutional funding arrangements.
Ben Lawrence (pictured), CFO of MT Finance, said: “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.”
Alvaro Jimenez, managing director at Centerbridge, added: “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.
“It is a great pleasure to become a relevant part of the next chapter of MT Finance’s growth story as they continue to meet the ever-increasing demand for bridging loans in the UK property market.”