Market Financial Solutions (MFS), one of United Kingdom’s prominent independent bridging lender, has expanded into Asia with the launch of its services in Singapore.
The bridging lender opened a new office and subsidiary company Market Bridge Solutions (MBS) in Singapore to respond to growing borrower appetite in the region for alternative funding sources. The bridging lender in recognising Singapore as a gateway which links east and west said that its expansion here will allow it to take advantage of Asia’s rapid rise as a global hub for finance, business and investment.
In harnessing MFS’s experience and expertise, the Singapore subsidiary of the bridging lender aims to increase the number of borrowers who can access bridging loans in here by providing fast, reliable and readily accessible services. MBS’s due diligence processes and lending models will be similar to its London-based parent company.
Key MBS services include:
short-term, asset-backed lending solutions with specific focus on supporting those looking to consolidate or expand their property portfolio
loans ranging from $500,000-10m, with borrowing terms ranging from three to 18 months
borrowers and investors accessing UK and Singapore markets.
“The growth of the UK bridging market over the past decade has been remarkable, with borrowers hungry for fast loans to seize property investment opportunities,” said Paresh Raja, CEO of the MFS.
“International markets have clearly taken note and for countries like Singapore, which boasts a thriving real estate sector, investor appetite is high. MFS’ expansion into Singapore with the launch of MBS marks our first step into the Asian market, and once we have fortified our position, we will be considering further roll-outs in the likes of Hong Kong, China, Indonesia and Malaysia.”
Tiba Raja, a director at the bridging lender added: “Similar to what we have seen in the UK, bridging has become a smart and effective tool for borrowers and brokers in need of a loan to quickly fulfill a financial objective, particularly when it comes to property. Because these loans are asset-backed, MFS has been able to support borrowers seeking to act quickly in the UK, and it’s exciting to see these same dynamic services now [offered] in Singapore, supported by our tried-and-tested due diligence process.”
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