MS Lending Group has completed an £11.68m bridging loan for a 12-property portfolio of London properties.
The portfolio is owned by a high net worth (HNW) entrepreneur and returning client of MS Lending Group.
The client has a number of large overseas hotels and the capital raise went towards the purchase of a new hotel on The Palm in Dubai.
The assets were valued at £38,000,000, for 30% loan-to-value (LTV).
This was a record largest loan funded for the company.
Michael Stratton (pictured), CEO of MS Lending Group, said: “This transaction demonstrates our ability to manage and maintain relationships.
“We successfully completed a deal for the client close to three years ago, and their experience with our brand, made us front runners to work with the borrower again.
“We have a much more granular funding model, with our average loan size typically £250k, however we remain agile in our offering and no matter our size still look at every loan on a case by case basis.
“If the right deals come across our desk, regardless of size, we want to be able to offer our unique service and offering to our partners”.
The lender has funded 1,000 loans since the business was set up in 2021.
