Omni Capital completes complex bridge with Asgard Capital

Published on

Colin Sanders, CEO of Omni Capital

Bridging lender Omni Capital and specialist mortgage consultancy Asgard Capital have teamed up to provide a complex, £8.4 million pound bridging loan.

At a loan-to-value of 75%, the first-charge loan is secured on two properties in prime west London. A monthly interest rate of 1.25% was agreed with the client.

The deal was introduced to Omni Capital by Asgard Capital, a City of London-based mortgage consultancy specialising in the provision of bespoke financial advice to high and ultra-high net worth clients. No other intermediary was involved.

“We have established an excellent relationship with Omni Capital,” said Matthew Van Lorson, director of Asgard Capital. “Their entrepreneurial approach and understanding of complicated deal structures is above and beyond other lenders at this level.”

“This case highlights to very good effect why professional intermediaries are of such importance to the bridging sector,” added Colin Sanders (pictured), chief executive officer of Omni Capital.

“Through a combined effort, we were able to navigate our way through a complexly-structured deal involving a number of legal entities to achieve a positive result.

“Very few large bridging loans come without significant challenges, and this was no exception. But Omni Capital is deservedly recognised as a lending specialist in this field, and one with the funds available to match its appetite. Our relationship with Asgard Capital continues to flourish, and we look forward to helping them deliver similar outcomes in the near future.”

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

Fleet Mortgages reduces two-year fixed rates by up to 25bps

Fleet Mortgages has announced a series of rate cuts of up to 25 basis...

Liverpool Mortgages signs mental health charter alongside Skipton and Dudley

Liverpool Mortgages has joined the Mortgage Industry Mental Health Charter (MIMHC), becoming the latest...

Arc & Co. doubles lending volumes in year of commercial and development rebound

Specialist debt and equity advisory Arc & Co. has reported a 108% year-on-year rise...

Top 12 potential sites for New Towns revealed in landmark planning study

A new report by national property consultancy Carter Jonas has identified 12 of the...

Mortgage approvals rise again as borrowers respond to lower rates and easing rules

Mortgage lending picked up pace in June, according to the latest Money and Credit...

Latest publication

Latest opinions

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Why we shouldn’t wait for the FCA to act on later life lending

It might feel odd to be talking about a new year, when we’re barely...

A walk on the supply side

The UK government’s stated goal to build 1.5 million homes during the current parliamentary...

Other news

Fleet Mortgages reduces two-year fixed rates by up to 25bps

Fleet Mortgages has announced a series of rate cuts of up to 25 basis...

Liverpool Mortgages signs mental health charter alongside Skipton and Dudley

Liverpool Mortgages has joined the Mortgage Industry Mental Health Charter (MIMHC), becoming the latest...

Arc & Co. doubles lending volumes in year of commercial and development rebound

Specialist debt and equity advisory Arc & Co. has reported a 108% year-on-year rise...