Triple Point and MT Finance agree £30m corporate revolving credit facility
Triple Point, the purpose-led investment manager and MT Finance, a leading property finance lender, have agreed a £30m corporate revolving credit facility to further support MT Finance’s lending growth in the UK property market.
This facility builds on the ongoing partnership between Triple Point and MT Finance, following £8m of funding from Triple Point in 2021 to complete the management buy-out of the company. The latest £30m credit facility will be used to support MT Finance’s loan originations and continued investment in operations.
MT Finance specialises in buy-to-let mortgages, bridging loans, and auction finance and has supported numerous property professionals, business owners, and individuals with their finance requirements since its inception in 2008.
Ellis Diamanti, relationship director at Triple Point Private Credit commented: “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.”
Joshua Elash, CEO of MT Finance added: “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.”