Masthaven Finance has agreed a £100 million funding facility with Macquarie Group in what marks the specialist lender’s largest funding line to date.
The agreement, arranged via Macquarie’s Commodities and Global Markets business, includes scope for future increases and will support Masthaven’s established bridging and secured loan products, as well as the expansion of its forthcoming long-term mortgage range.
The deal will enable Masthaven to broaden its range of purchase and remortgage options across both owner-occupied and buy-to-let products. It is the fifth institutional funding line secured by the lender since its formation.
Andrew Bloom, chief executive of Masthaven Finance, said: “Securing this initial £100m facility is a significant milestone for Masthaven and reflects both the strength of our lending model and the growing demand for flexible, specialist finance solutions.
“We are very much looking forward to working with the team from Macquarie.
“The deal further highlights the growing confidence in Masthaven Finance’s strategy, as we continue to strengthen our position as a true specialist lender, supporting borrowers underserved by the mainstream mortgage market.”
Sarah Milne, managing director at Macquarie, said: “We are pleased to announce the close of this new facility with Masthaven Finance, reflecting Macquarie’s ability to develop flexible, client-driven financing structures for specialist non-bank financial lenders in the UK mortgage market.
“We look forward to working with Masthaven Finance as they continue to expand their mortgage offering to borrowers across the UK.”
