MTF in the press
To see recent press on mtf click on the links below:
Yahoo Finance – UK
Award-winning Lender MT Finance Expands and Launches Industry Exclusive Bridging Finance Product for European Investors
LONDON, February 6, 2012
MT Finance, the short term real estate non-status lender specializing in bridging finance, has added to its existing capabilities and launched a new service, targeting European investors looking to raise finance against existing London real estate assets, purchase new property or release equity from existing London properties, without having to establish a credit or trading history in the U.K.
In addition, Antoine Richard has joined MT Finance as a director from Paris-based Orco Property Group to help launch the new product alongside MT Finance’s existing management team.
Antoine brings a wealth of experience of European property markets from an investor, developer and asset manager viewpoint and will use his background to offer the new product – for first and second legal charges against residential properties – in French as well as English.
MT Finance has launched this package after seeing an increased demand for bridging finance to fill a liquidity gap as banks struggle with the Eurozone debt crisis, making it harder for investors and borrowers to raise capital.
Antoine Richard commented: “We have recently seen an increase in applications from European investors looking to raise additional finance against property in London to be secured by a second charge. In some instances this has been to unlock equity which has then been re-invested in the financial markets or into adding value to an existing real estate portfolio. Equally we have seen real demand for rapid, transparent, non-status finance allowing investors to purchase an investment property in the UK market.”
He added: “As liquidity in the U.K.’s mortgage market remains constrained many such applicants appear to have experienced difficulty and considerable delay in raising finance from banks. In recognition of this and in light of the strong French dimension to the MT Finance management team we have decided to create a product specifically tailored to the European community.”
MT Finance was recognised as the ‘Best New Lender’ by Bridging and Commercial in June 2011 and has been shortlisted in the Business MoneyFacts 2012 awards for ‘Best Service from a Bridging Finance Provider’.
MT Finance is a full member of the Association of Short Term Lenders, an affiliate lender of the Association of Bridging Professions and a patron lender of the National Association of Commercial Finance Brokers.
The London-based company specialises in providing short term finance with minimum loans of £100,000 up to a maximum facility of £10,000,000. Loan terms run to a maximum of 18 months and are secured by way of a first or second legal mortgage on a real estate assets in London or the South East of England. With a non-status based approach MT Finance are uniquely positioned to lend to applicants who lack a credit or trading history.
FOR MORE INFORMATION PLEASE CONTACT:
Tomer Aboody
+44(0)207-073-2809