Aldermore bank has extended its block bridging facility to existing client Mint Property Finance, which will provide additional funding to them to continue to accelerate their growth plans.
Established in 2011, Mint Property Finance is an independent bridging and development finance lender funding transactions secured on residential, commercial and mixed-use property.
Aldermore’s block bridging allows independent funders to raise capital against future income from bridging finance contracts in place between them and their customers. The finance will provide Mint Property Finance with the funding to support building their bridging lending portfolio, giving SMEs and individual customers greater access to funding.
Matthew McNiele, Business Development Manager for Asset Finance at Aldermore said:
“At Aldermore we’re committed to supporting the growth of specialist lenders like Mint Property Finance. By extending its block bridging facility, we’re helping them scale their lending capabilities and provide more funding opportunities for SMEs and property investors. Our wholesale finance solutions are designed to unlock potential and drive sustainable growth for our partners."
Andrew Lazare, Director of Mint Property Finance said:
“This additional funding from Aldermore is testament to our strong partnership and shared vision for growth. With their continued support, we can expand our lending portfolio, offering even more tailored and flexible finance solutions to SMEs across the UK. We look forward to building on this relationship as we scale further.”
Aldermore’s block bridging product is core to their wholesale offering, providing benefits to independent funders like Mint Property Finance and the customers they serve.
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