GlobalData
2 min read
UK-based Hampshire Trust Bank (HTB) has extended a £35m ($47.6m) funding facility to MS Lending Group, aimed at enhancing its lending capabilities within the UK bridging market.
The funding will cover residential, commercial and semi-commercial projects, boosting MS Lending Group's resources and supporting its growth ambitions.
MS Lending Group plans to utilise this facility alongside its existing funding arrangements, providing an increase in its lending capacity.
MS Lending Group CEO Michael Stratton said: “This £35m facility from HTB is a major step forward for our business. It not only strengthens our capacity to meet growing demand but also reinforces our position as a serious player in the bridging market. We value our relationship with HTB and are excited to deepen this partnership as we continue our growth journey.”
Hampshire Trust Bank's wholesale finance managing director Paul Maurici added: “We are delighted to extend this facility to MS Lending Group. They are a dynamic, forward-thinking lender, and this expanded funding line reflects our confidence in their team, their strategy, and their future growth.”
In January, One Stop Business Finance (OSBF) secured a £10m facility from HTB to support its growth.
This funding aimed to expand OSBF’s loan book, enabling the company to offer its flexible funding solutions to more small and medium-sized enterprises across the UK.
OSBF specialises in custom-made financing options, offering services such as working capital solutions, revolving credit facilities, bridging, and development loans.
In October 2024, HTB closed its asset finance division to new business, impacting vehicle stocking.
The strategic decision was made to optimise the use of HTB’s regulatory capital, which has been diminishing due to the bank’s rapid expansion.
"Hampshire Trust Bank supports MS Lending Group with $47.6m in funding " was originally created and published by Leasing Life, a GlobalData owned brand.
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