MT Finance Group has announced the launch of its new commercial mortgage business, backed by a £2.5bn forward flow facility from J.P. Morgan.
MT Finance says the commercial mortgage business provides a "comprehensive solution covering a broad spectrum of commercial real estate offerings".
The lender pledges to offer a "service-oriented approach" mirroring the speed and flexibility of its existing bridging and buy-to-let businesses.
Marylen Edwards (pictured), director of mortgages at MT Finance, commented: "The launch of our commercial mortgage business marks an exciting new chapter in MT Finance’s growth journey. We've identified a clear opportunity, in an underserviced sector, where demand remains strong. We recognise the vital role flexible financing plays in the success of this businesses. By launching now, we are strengthening our commitment to the introducer and borrower community. We believe our established reputation for speed, flexibility, and understanding of the property sector will be a significant asset to our commercial clients."
Gareth Lewis, deputy CEO at MT Finance, added: "We have been gearing up for this moment for a while. With the continued support of J.P. Morgan, we are perfectly positioned to take advantage of the very clear opportunity in the commercial real estate market and to provide much needed flexible funding options to the market. We look forward to working closely with our existing partners and new ones in the coming weeks as we roll out this exciting new business.”
