Investment manager Triple Point and property finance lender MT Finance have agreed to a £30m corporate revolving credit facility to support the latter’s growth plans.
This built on the firms’ existing partnership, and followed £8m of funding from Triple Point in 2021 to complete the MT Finance’s management buy-out.
Joshua Elash (pictured), CEO of MT Finance, said: “Triple Point has been an excellent partner to MT Finance over the last several years and we are delighted to have the opportunity to further expand the relationship.
“This new facility will help drive our exciting growth plans as we look forward into 2024.”
Ellis Diamanti, relationship director at Triple Point Private Credit, said: “We are pleased to continue our relationship with MT Finance by providing this new facility.
“Having first supported the management buy-out in 2021, the business has continued to enhance its reputation as a leading property finance provider in the UK. We look forward to supporting the business’ future ambitions.”
