MS Lending Group upsizes Pollen Street facility to £230M
What's the deal? MS Lending GroupDealroom has a profile for this one. Try Dealroom → has secured a £230 million funding line from Pollen Street CapitalDealroom has a profile for this one. Try Dealroom →, the London-based alternative investment firm. The facility upsizes an existing arrangement between the two businesses that began in 2022.
Why now? The specialist UK lender has completed more than £600 million of lending since launching in 2021. The larger facility gives it added balance-sheet capacity to keep growing originations.
What's the endgame? The £230 million line is a step up from earlier facilities, which included a £50 million funding line and a subsequent £90 million facility. Repeated expansions of this kind typically signal a lender scaling its loan book and writing larger tickets.
"This £230 million line gives us the firepower to continue supporting our borrowers and scaling the business," said Michael Stratton, chief executive officer and founder of MS Lending Group.
What could go wrong? Pollen Street flagged headwinds in the market. James Bevans, partner at Pollen Street Capital, said: "At a time when the real estate lending sector is navigating a more challenging period, we are pleased to demonstrate our continued support."
The signal: This is a follow-on financing story more than a one-off round. The takeaway: capital providers remain willing to extend facilities to specialist lenders that can show loan deployment and asset growth.
Read more: Bridging Loan Directory
Image credit: Strocchi
