Masthavensecures

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Masthaven Finance has completed a £100m funding line from investment firm Macquarie Group to expand its home loans.  

The specialist lender says the facility will support the lender’s established bridging and secured loan products, while also funding the forthcoming expansion of its long-term mortgage range. 

The move will allow the business to offer additional purchase and remortgage options across first charge owner-occupied and buy-to-let products. 

The funding comes through Macquarie’s commodities and global markets unit, with the lender adding that this is its fifth and “most extensive” facility to date. 

Masthaven Finance chief executive Andrew Bloom (pictured) says: “Securing this initial £100m facility is a significant milestone for Masthaven and reflects both the strength of our lending model and the growing demand for flexible, specialist finance solutions.  

“The deal further highlights the growing confidence in Masthaven Finance’s strategy, as we continue to strengthen our position as a true specialist lender, supporting borrowers underserved by the mainstream mortgage market.” 

Macquarie managing director Sarah Milne adds that the deal “reflects Macquarie’s ability to develop flexible, client-driven financing structures for specialist non-bank financial lenders in the UK mortgage market”.