This involves an undisclosed eight figure investment being made into Masthaven which, together with additional bank funding, will provide Masthaven with a considerable level of additional funds to lend.
William Pears Group will take a direct stake in Masthaven Group Ltd with Michael Baker, finance director of joint ventures for William Pears Group, joining the board of Masthaven as a non-executive director.
These additional funds will allow Masthaven to take full advantage of its newly obtained FSA regulated status.
Commenting, Andrew Bloom, managing director of Masthaven stated, “For the last 18 months Masthaven has been looking for a strategic partner to assist in our growth plans. Our decision to partner with the William Pears Group is not just because of their deep pockets but also their extensive knowledge of the property market.”
