UK bridging lender MFS launches new subsidiary in Singapore
Market Financial Solutions (MFS) has expanded into Singapore, launching a new office and subsidiary company called Market Bridge Solutions (MBS).
Having established itself as one of the UK’s leading bridging lenders over the past decade, the move comes in response to a growing appetite in Singapore and Southeast Asia for alternative funding sources. In doing so, MFS becomes the country’s first bridging lender to expand into Asia.
Singapore’s property market has grown significantly in recent years. Real estate sales in Singapore rose in volume by 50% in the first half of 2017, with the country boasting investment opportunities across both its commercial and residential markets. Moreover, the value of residential homes in Singapore is expected to rise by 5.5% in 2018, the highest projection of any Association of Southeast Asian Nation (ASEAN).
By harnessing MFS’ experience and expertise, MBS will increase borrowers’ access to bridging loans in Singapore, offering a fast, reliable and readily accessible service. The new firm will apply the same due diligence and lending models as London based MFS, delivering bespoke, asset backed solutions tailored to the need of the borrower.
Market Bridge Solutions will offer:
• Short term, asset-backed lending solutions, with a specific focus on supporting those seeking to consolidate and expand their property portfolio
• The same stringent due diligence processes used in the UK by MFS will be applied in Singapore by MBS
• Loans ranging from $500,000 to $10 million, with borrowing terms ranging from three months to 18 months
• Through MFS and MBS, borrowers and investors alike can now enjoy access to the UK and Singapore markets, with both companies working in conjunction to offer flexible, creative solutions