The funding plans to allow Mint to support the building of its lending portfolio.
Aldermore’s block bridging aims to allows independent funders to raise capital against future income from bridging finance contracts in place between them and their customers.
Commenting on the deal, Andrew Lazare, director at Mint Property Finance (pictured above), said: “This additional funding from Aldermore is testament to our strong partnership and shared vision for growth.
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“With their continued support, we can expand our lending portfolio, offering even more tailored and flexible finance solutions to SMEs across the UK. We look forward to building on this relationship as we scale further.”
Matthew McNiele, BDM for Asset Finance at Aldermore added: “At Aldermore we’re committed to supporting the growth of specialist lenders like Mint Property Finance.
“By extending its block bridging facility, we’re helping them scale their lending capabilities and provide more funding opportunities for SMEs and property investors.”
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