MS Lending Group completes an £11.68m bridging loan over London based portfolio.
The portfolio which consisted of 12 properties is owned by a High Net Worth entrepreneur and returning client of MS Lending Group.
The client has a number of large overseas hotels and the capital raise was going towards the purchase of a new hotel on The Palm in Dubai.
The assets were valued at £38,000,000 therefore a modest 30% loan to value. It is a record largest loan funded for the company.
Michael Stratton, our CEO, commented "This transaction demonstrates our ability to manage and maintain relationships. We successfully completed a deal for the client close to three years ago, and their experience with our brand, made us front runners to work with the borrower again.
We have a much more granular funding model, with our average loan size typically £250k, however we remain agile in our offering and no matter our size still look at every loan on a case by case basis. If the right deals come across our desk, regardless of size, we want to be able to offer our unique service and offering to our partners".
We have funded 1000 loans since the business was set up in 2021 last month.
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