Masthaven Finance has completed on its most extensive funding line to date, securing an initial £100 million from Macquarie Group via its Commodities and Global Markets business, with scope for further increases.
The new facility will support the lender’s bridging and secured loan products while also funding the forthcoming expansion of its long-term mortgage range.
This partnership will allow Masthaven Finance to offer additional purchase and remortgage options across its first charge owner-occupied and buy-to-let products.
This agreement represents the lender’s fifth institutional funding line.
Andrew Bloom (pictured), chief executive of Masthaven Finance, said: “Securing this initial £100m facility is a significant milestone for Masthaven and reflects both the strength of our lending model and the growing demand for flexible, specialist finance solutions. We are very much looking forward to working with the team from Macquarie.
“The deal further highlights the growing confidence in Masthaven Finance’s strategy, as we continue to strengthen our position as a true specialist lender, supporting borrowers underserved by the mainstream mortgage market.”
Sarah Milne, managing director at Macquarie, added: “We are pleased to announce the close of this new facility with Masthaven Finance, reflecting Macquarie’s ability to develop flexible, client-driven financing structures for specialist non-bank financial lenders in the UK mortgage market. We look forward to working with Masthaven Finance as they continue to expand their mortgage offering to borrowers across the UK.”
