Mint Bridging launches new lending firm

MBS will focus on higher value, lower LTV first charge loans (£350k-£5m), low risk development loans, second charge loans & commercial property, all with a less London centric basis.

They will be funded by experienced investors to the short term property lending market, on a syndicated basis.
 
The syndication partnership piloted in January and has already funded several million pounds of loans.
 
Mint’s Managing Director, Andrew Lazare, said:

“For five years of building the business, we’re now seeing over 820% growth compared to prior year same quarters. Partnering with Mark now firmly places Mint Bridging on the map. The syndication division enables us to increase funding lines, loan sizes and expand on our already rapidly growing Greater London presence.”

Mark Abrahams added:

“Since West One’s acquisition, many business opportunities have ventured my way. But what struck me is how fast Mint has grown and Andrew’s passion, determination and dedication. The company’s track record is astounding, and this is an ideal time to take Mint to the next stage as an industry power house.

“They have strong routes to market and together we have a solid platform of experienced funders wanting to invest in bridging finance with an experienced team. This partnership makes absolute sense. Andrew has created a strong infrastructure, impressive deal flow and has built a great team; these values greatly attracted me to the company.”