The funds will help the firm expand its lending activities across the bridging and BTL markets, as it looks to grow its overall loan book to £1.1bn in 2023.
The cash injection comes two months after the specialist lender landed £125m of institutional funding from a top-tier investment bank, following significant demand for its bridging and BTL mortgages.
Paresh Raja, CEO at MFS (pictured above), said: “No one needs to be told that the property market and lending sector are navigating some testing waters at present.
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“For MFS, the strength and diversification of our funding is fundamental to the way we support brokers and borrowers – namely, we can offer assurances of our ability to handle large and complex cases, and crucially, that we always commit to deals.
“When we say ‘yes’, we always mean ‘yes’, and that’s so important in the current climate.
“Demand for specialist finance products is high right now as people seek the best option to combat the current macroeconomic trends — we are ideally placed to meet this demand and remain on track to achieve our target of growing our loan book to £1.1bn in 2023.”
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