The confirmation comes after Omni’s owner, property entrepreneur Christian Candy, revealed the lender has plans to become a bank in the regulated mortgage market as well as the bridging sector.
The additional funding means Omni now has £200m available for short-term finance as well as “future real estate backed product lines” after CPC Group, Christian Candy’s Guernsey-based property finance fund, raised the amount it will lend Omni to £180m from £50m.
Omni has also confirmed today that it is in “active discussions” with further third-party debt providers to secure an on-going warehouse facility in the “near future”.
Colin Sanders, chief executive of Omni, said: “Funding, and the liquidity it provides, remains a challenge for businesses and consumers alike.
“By developing a sustainable lending strategy based on fair and competitive products, intermediaries and their clients can be confident that in choosing Omni Capital they are working with a partner with both the intent and means to satisfy their short-term borrowing needs.”
Cheyne Capital, a European alternative investment manager, has net assets of approximately $7bn of which $4.4bn are in hedge funds.
It was founded in 2000 by chief executive Jonathan Lourie and president Stuart Fiertz, both formerly of Morgan Stanley.