MS Lending Group, the Wilmslow-based bridging lending firm, has secured an initial £50m senior-secured facility with Pollen Street Capital.
London-based alternative investment asset manager, Pollen Street Capital, invests in credit and private equity strategies, focusing on real estate, financial, and business service sectors.
Michael Stratton, CEO and founder of MS Lending Group, said: “This partnership with Pollen Street further boosts MS Lending Group’s ability to provide finance and funding solutions across the market.
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“The injection of funds means we can remain agile in the market – not only with speed and ease for our customers, but also the hands-on, hassle-free service which is what we’re known for.
“With uncertainty around interest rates increasing, this is a huge statement from us as a lender to show our customers and brokers they can rely on us, knowing the security of our funding partners and that we have a fixed facility in place.”
He added: “It has been refreshing to work with like-minded individuals at Pollen Street who understand and support our business ambitions and growth plans, plus it’s a huge credit to the MS team that we’re at this stage after only 18 months of trading. We are really looking forward to a long and successful partnership with Pollen Street.”
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MS Lending Group have financed more than £55m since it began trading in January 2021, with in excess of half of that lent in the first half of 2022.
Ben Jackson, investment manager at Pollen Street Capital, said: “Our real estate strategy is built on selective partnerships with real estate lending platforms.
“This new facility with MS Lending Group fits well with our strategy and our aims to maintain liquidity in the short term bridge lending market. We are thrilled to be working with Michael Stratton and Robert Goodall who bring over 40 years’ experience in the industry to MS Lending Group.”
By Neil Hodgson
Source: The Business Desk