Michael Stratton

MS Lending Group completes £3m deal across eight properties in eight days

MS Lending Group has completed a £3m bridging loan helping a client refinance their current facility and release additional capital to acquire multiple properties. 

The borrower used MS Lending Group to raise funds on an existing portfolio of properties to repay a first charge, and to raise further funds to facilitate the purchases of two new properties. 

The client’s exit strategy is to refinance onto a long-term agreement. 

Michael Stratton (pictured), CEO and founder of MS Lending Group, said: “We are delighted to have assisted the client in completing this deal and growing his property portfolio.

“We were under a strict timeline to complete which was made easier by having great stakeholders involved and aligned throughout.

“As always it’s great to work again with WOTS Group, they trust we will always deliver even when time is of the essence. Well done team!”

The deal, brokered by Word on the Street, was instructed and completed within eight working days using an existing full valuation. 

Michael Street of Word on the Street, concluded: “There’s a host of bridging lenders available to brokers, with products and rates not too dissimilar.

“The only thing that really sets lenders apart is certainty and service. Eight properties, £3m gross loan, and eight working days to complete.

“MS Lending Group and Sam Bryce, in particular, were superb. Myself, and all of the team, cannot wait to work with them again, and again.”