Masthaven Bridging Finance has revealed its has raised an additional tranche of funding.

The short-term lender, which has been proving bridging finance since 1983, says the fundraising was required in order to cope with the increased volume of business it is experiencing.

The size of the tranche was not disclosed.

Richard Deacon, Masthaven’s national business development manager, said: “Masthaven has had an excellent second half of 2009 and is experiencing significant increases in the volume of deals that we are completing month on month. Due to our low fixed rates and second charge lending