New funding division for Omni Capital

Published on

Dan_Smith

Omni Capital has launched an international structured finance division offering residential and commercial loans of up to £250 million.

Omni Capital Structured Finance will be managed and developed by former managing director of Eurohypo, Dan Smith.

It will be aimed international real estate professionals looking to access substantial funding for property investment and development purposes in the UK, Europe and the United States.

Amounts from £5 million to £250 million are available on a whole loan, junior debt or mezzanine finance basis, and both residential and commercial projects will be considered over short or medium-term lending durations.
In an acknowledgement of world-wide real estate opportunities, the CPC Group-owned lender said its structured finance proposition is available for suitable projects

Smith (pictured) said: “Omni Capital Structured Finance will provide fast robust underwriting and offer borrowers whole loans or subordinated debt in both the short and medium term. In a market where speed is often crucial to secure transactions,

“Omni Capital’s fast approval process and ability to provide high leverage allows it to react to borrowers requirements in what continues to be a difficult debt market for anything but vanilla transactions.”

Colin Sanders, Omni Capital’s CEO, added: “The launch of our new funding division is a significant milestone in Omni Capital’s corporate expansion and continued forward trajectory. With Dan Smith’s extensive experience in real estate structured finance, our new proposition is the perfect complementary vehicle through which to project the Omni Capital brand into markets previously unavailable to us.

“While the UK – and London in particular – remains the focus of our attention, our move into international structured finance provides a further opportunity to challenge the faltering hegemony of the big banks.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Leeds eases affordability rules

Leeds Building Society is reducing the stress rates it applies when assessing mortgage affordability,...

HSBC Life (UK) expands adviser support for protection market

HSBC Life (UK) is looking to strengthen its position in the UK protection market...

Atom bank cuts near prime rates for second time in June

Atom bank has announced its second reduction in near prime mortgage rates this month. The...

The Exeter reports strong growth in 2024 results

Mutual health and life insurer The Exeter has reported a 20.9% rise in gross...

The Coventry named among UK’s best workplaces for wellbeing

Coventry Building Society has been ranked among the UK’s top employers for wellbeing, securing...

Latest opinions

How product transfers can help landlords and brokers in a challenging market

In an ever-changing buy-to-let market, the task of managing a property portfolio becomes increasingly...

Finding the ‘yes’ on finance for trading businesses

Pressure on UK trading businesses continues to mount, driven by rising costs, tight cash...

Bridging finance for refurbishment – is it light, medium or heavy?

Not all refurbishment projects are created equal. The type of works being undertaken will...

Complaints: A pain that you can handle

One of the biggest problems an adviser can face is a complaint. And those...

Other news

How product transfers can help landlords and brokers in a challenging market

In an ever-changing buy-to-let market, the task of managing a property portfolio becomes increasingly...

Q&A: Andrea Glasgow, Hampshire Trust Bank

Mortgage Soup fires the questions at Andrea Glasgow, sales director, specialist mortgages & bridging,...

Finding the ‘yes’ on finance for trading businesses

Pressure on UK trading businesses continues to mount, driven by rising costs, tight cash...