Aldermore has extended a multi-million-pound block bridging facility to Mint Property Finance, the Manchester-based short-term property lender.
The facility, which forms part of Aldermore’s wholesale funding strategy, enables independent funders to raise capital against future income from bridging finance agreements already in place. The latest deal will give Mint additional funding headroom to expand its lending portfolio, with the aim of improving access to bridging finance for SMEs and property investors.
Founded in 2011, Mint Property Finance offers bridging and development loans secured against residential, commercial and mixed-use property. The business has seen rapid growth in recent years as demand for short-term, flexible finance continues to rise among investors and developers.
Matthew McNiele, business development manager for asset finance at Aldermore, said: “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.
“Our wholesale finance solutions are designed to unlock potential and drive sustainable growth for our partners.”
Andrew Lazare (pictured), Mint Property Finance director, welcomed the deal as further evidence of the strength of the firm’s relationship with the bank. “This additional funding from Aldermore is testament to our strong partnership and shared vision for growth,” he said.
“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.”
Block bridging is a core element of Aldermore’s wholesale finance offering, providing institutional liquidity to non-bank lenders with established customer pipelines. The facility offers particular advantages for funders seeking to grow their loan books without requiring an immediate refinance or sale of assets.
