The senior facility from J.P. Morgan will expand its existing lending within the UK short-term finance market
Specialist finance lender MT Finance Group has completed additional financing through J.P. Morgan to enhance its lending capabilities to the UK finance market.
The lender has secured an additional £500 million senior facility from J.P. Morgan that will diversify the funding structure of the business and will allow MT Finance Group to continue to expand its existing lending within the UK short-term finance market.
The deal further 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.
“We are delighted to have the opportunity to further develop the already strong relationship with JP Morgan,” stated Ben Lawrence (pictured), chief financial officer at MT Finance Group. “Having experienced significant growth in 2023, this new funding line provides us with additional capacity to continue this exciting trajectory.”
Also commenting on the transaction, Rob Tanna-Smith, executive director within J.P. Morgan’s EMEA securitised products group, said it was pleased to be broadening their relationship with MT Finance with the 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,” he added.
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