Market Financial Solutions (MFS) is proud to announce that it is expanding its bridging loan business into Singapore, launching a new office and subsidiary company – Market Bridge Solutions (MBS).
MFS has established itself as one of the UK’s leading bridging lenders over the past 10 years. Therefore, we are in the great position to feed the growing borrower appetite in Singapore and Southeast Asia for alternative funding sources like bridging loans outside of traditional mainstream lenders.
We are seeking to take advantage of the region’s rapid rise as a global hub for finance, business and investment. Consequently, this is a momentous step for MFS, becoming the UK’s first bridging lender to expand into Asia.
Singapore’s bridging loan & property market
Our decision takes on added relevance in light of Singapore’s rapidly rising real estate market. Property sales in Singapore rose in volume by 50% in the first half of 2017. Moreover, he country is boasting investment opportunities across both the commercial and residential sectors. In addition, the value of residential homes in Singapore is expected to rise by 5.5% in 2018 – the highest projection of any Association of Southeast Asian Nation (ASEAN).
The growth of the UK bridging market over the past decade has been remarkable. Borrowers are keen on fast loans to seize property investment opportunities. By harnessing MFS’ experience and expertise, Market Bridge Solutions aims to increase the number of borrowers able to access bridging loans in Singapore, offering the same fast, reliable and readily accessible service.
Market Bridge Solutions’ bridging loan offering
- Short-term, asset-backed lending solutions, with a specific focus on supporting those seeking to consolidate and expand their property portfolio
- MBS in Singapore will apply the same stringent due diligence processes as MFS in the UK
- Bridging loans for the Singapore & Southeast Asian markets, ranging from $500,000 to $10 million, with borrowing terms from 3 to 18 months
- Through MFS and MBS, borrowers and investors alike can now enjoy access to the UK and Singapore markets. Both companies are working in conjunction to offer flexible, creative solutions
A statement from MFS’ CEO
Paresh Raja, CEO of MFS, commented: “Having established ourselves as a leader in the UK bridging market over the last ten years, MFS’ expansion into the Asian market represents a significant company milestone, demonstrating not only the need for alternative finance solutions in Asia but also borrower demand for MFS’ industry-leading bridging solutions.
“As the first UK bridging lender to expand into Asia – it’s exciting to see the same asset-backed loans that we have mastered in the UK now being offered in Singapore by MBS. This is our first step into the region, and we are eagerly look forward to opening more offices across Asia in the coming years.”
Explore MBS’ bridging loan offering.