MT Finance Group has completed additional financing through J.P. Morgan to expand its lending capabilities to the UK finance market.
It has secured an additional £500m senior facility to diversify the funding structure of the business and continue to expand its existing lending within the UK short-term finance market.
Established in 2008 by co-founders Joshua Elash and Tomer Aboody, MT Finance Group is a specialist finance lender operating in both the UK bridging finance and buy-to-let mortgage market. This transaction strengthens the relationship between MT Finance Group and J.P. Morgan after the agreement of a forward flow to support the launch of its buy-to-let mortgage offering, in July 2022.
Ben Lawrence (pictured), chief financial officer of MT Finance Group, said: “We are delighted to have the opportunity to further develop the already strong relationship with JP Morgan. Having experienced significant growth in 2023, this new funding line provides us with additional capacity to continue this exciting trajectory.”
Rob Tanna-Smith, executive director within J.P. Morgan’s EMEA Securitized Products Group, added: “We are pleased to be broadening our relationship with MT Finance with this new funding line. This transaction is a clear indication of the scale of MT Finance’s ambitious plans for continued growth within the specialist lending sector.”
