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This edition of Insider comes on the back of the…
Aldermore Bank has provided a block bridging facility to Altrincham-headquartered Mint Property Finance.
The partnership is a considerable development for the specialist finance lender, which until now has been funded exclusively by private investors.
It comes as the company looks to accelerate its growth plans and introduce further new market-leading products.
Matthew McNeile, business development manager for asset finance at Aldermore, said: “We're excited to provide this facility to Mint Property Finance, a well-established and experienced lender in this space. We look forward to supporting the business's on-going growth.”
Andrew Lazare, founder and managing director of Mint Property Finance added: “This is a key milestone in the business's history. As we move rapidly towards our £250m loan book target we wanted to partner with an institutional lender. We looked at many facilities with many lenders but felt that Aldermore was the right partner for us.
“The facility gives us more firepower to write even more business and further broaden our product offering. Now we have an institutional lending partner onboard to maintain our competitive advantage across our bridging products, we intend to turn our focus towards providing more longer-term loans such as 3–5 year term products and buy-to-let mortgages.
“I'd like to thank the team at Aldermore for its support in getting the facility in place.”
Aldermore bank / Mint Property Finance /
Ben Butler, Digital Staff Writer
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Adrian Simcox, Sales Director
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Mint Property Finance secures multimillion-pound facility | North West Deals News – Insider Media
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