19th March 24 – MS Lending Group announces a further £20m funding line extension with Pollen Street Capital. The lender, which secured an initial funding facility with Pollen Street Capital in August 2022, has committed to an additional £20m of funding with plans to significantly increase the facility in the future.
Michael Stratton, CEO, said, "The additional injection in funds by our longstanding partner, Pollen Street, will help us continue to keep up with demand for our offering and remain fast and agile in the bridging market. As business levels continue to increase it is great we can rely on a longstanding partner to continue our trajectory supporting professional investors, SME developers and landlords across the UK".
Since MS Lending Group entered the market in 2021, the finance provider has lent over £200m, with aims to lend £500m by the end of 2025.
"We have loved working with Pollen Street Capital since our initial facility agreement. From inception we set out to find a strategic partner that's more than just a provider of capital. The relationship has gone from strength to strength, and we are proud to continue this partnership as we set our sights on further growth". Michael Stratton continued.
Earlier this year, MS Lending Group launched its industry first Day Rate product, and continues to offer no minimum loan size, and no valuation up to £500k across residential, commercial, and semi-commercial properties.
James Bevans, Investment Director at Pollen Street added, "Pollen Street is pleased to support MS Lending Group with an increase in funding, building on our relationship with the team. Michael Stratton and Robert Goodall bring over 40 years’ experience in the industry to MS Lending Group. The MS team offers products across the UK providing much needed capital to SMEs given the decline of traditional bank finance, increasing the amount of affordable homes, and helping to improve the environmental efficiency of existing housing.”
“Our real estate lending strategy is built on selective partnerships, and this increased facility with MS Lending Group continues to fit well with our ambition to support experienced and successful businesses that are funding mass market residential-led schemes across the UK and Europe.”
The lender has also added Matt Blake, formerly of Pepper Money and Together as a non-executive director of the business. Matt's role is to stay abreast of opportunities from a securitisation perspective and ensure MS Lending Group maintains a flexible and competitive funding structure.
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