2018 has so far proven to be an eventful year for Market Financial Solutions (MFS). In March, we became the first UK bridging lender to launch a new office and subsidiary company in Southeast Asia, establishing Market Bridge Solutions in Singapore. This was followed soon after with the expansion of MFS’ London-based team by 30%.
These exciting new developments are testament to the high quality of service that we deliver to our network of borrowers and brokers in need of flexible bridging loans. Underpinning our services is a team of experienced underwriters who can deliver bespoke bridging loans tailored to the individual needs of our clients – ranging from property acquisition to SME expansion.
MFS has become renowned for its tailored bridging services, and some of our recent case studies reveal just how bridging can be used to seize short-term investment opportunities in a wide variety of different circumstances.
MFS In Action
This past month, an existing broker introduced MFS to a new HNW client in need of funds to complete the purchase of a stunning investment property in a highly sought after central London location. While the client had recently exchanged on the property, they required a bridging facility in order to pay the stamp duty and complete the purchase.
Understanding that speed was of the utmost importance to ensure the client did not miss out on this lucrative investment opportunity, MFS arranged for a valuation of the property that was being offered as security within 24 hours of receiving the inquiry, with a report provided the following day. The market value of the asset being used as security was £14,000,000, with MFS issuing a £5,500,000 loan.
Through swift action, MFS successfully issued the loan well ahead of the deadline, which in turn meant the client was able to pay the multi-million pound stamp duty bill, complete on the property purchase and not lose their deposit. Both the client and the broker were highly satisfied with the fast and responsive nature of our services, and the agreed exit strategy.
To find out more about our tailored bridging loans, speak to a member of the MFS team today.