Triple Point Private Credit secures new funding for MT Finance

Published on

Triple Point Private Credit has helped to secure £40 million in corporate revolving credit facilities for MT Finance.

This funding agreement will support MT Finance’s lending growth in the UK property market.

The credit facilities build on the previous £8 million of funding supplied in 2021 to support a management buy-out. The latest credit facilities will further support MT Finance’s loan origination activities and ongoing investment in its operations.

With over 15 years of experience and having originated £3 billion in funding, Triple Point Private Credit has helped support numerous businesses in scaling their operations.

Ellis Diamanti, head of speciality finance at Triple Point Private Credit, said: “We are delighted to have originated an extended funding line with MT Finance, with which we have a long-standing relationship. The latest credit facilities supplied by the lenders we represent reflect our collective belief in MT Finance’s strategic vision and growth potential within the UK property finance market.”

Ben Lawrence, CFO of MT Finance, added: “We are delighted to have the opportunity to further expand the relationship with Triple Point Private Credit and the lenders they represent. This agreement strengthens our funding options and will sit alongside and support other existing facilities within the bridging finance arm of the business.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Darlington trims mortgage rates by up to 20bps

Darlington Building Society has reduced selected rates across its residential, specialist residential, shared ownership,...

Brokers review sourcing technology as demand grows for connected systems

Mortgage brokers are increasingly reassessing their technology stacks, with sourcing systems emerging as the...

Rosemount expands internship programme with two Cardiff Business School students

Rosemount Financial Solutions (IFA) has welcomed two new interns from Cardiff Business School as...

West Brom cuts shared ownership mortgage rates

West Brom Building Society has reduced selected shared ownership mortgage rates by up to...

House prices edge lower again in May, Halifax says

UK house prices were broadly unchanged in May, with Halifax reporting a second consecutive...

Latest publication

Other news

The Darlington trims mortgage rates by up to 20bps

Darlington Building Society has reduced selected rates across its residential, specialist residential, shared ownership,...

Brokers review sourcing technology as demand grows for connected systems

Mortgage brokers are increasingly reassessing their technology stacks, with sourcing systems emerging as the...

Rosemount expands internship programme with two Cardiff Business School students

Rosemount Financial Solutions (IFA) has welcomed two new interns from Cardiff Business School as...