Omni Capital launched in late November 2010 by Candy’s property firm CPC Group and Mortgage Centre IFA, offering mezzanine finance.
In June 2011 CPC Group bought the remaining 50% of Omni Capital’s shares from Paul Munford, managing director of Mortgage Centre IFA, and appointed Colin Sanders, former head of GE Money, as its chief executive.
Now Omni Capital is in discussions with a well known London-based hedge fund to provide an additional £20m of bridge funding on top of the £200m provided by CPC Group, in a major move into forming a fully-fledged bank.
Christian Candy, owner of Omni Capital, told The Sunday Telegraph: “In time, Omni will grow to become a fully encompassed financial services company with insurance and banking. We want to get into the regulatory side of the business as well as the non-regulated.”
Colin Sanders, chief executive officer at Omni Capital, said: “As CEO of CPC Group, our parent business, Christian Candy has clearly set out his longer-term aspirations for Omni Capital.
“In the immediate term, the Omni team remains fully-focused on building a market-leading specialist bridging lender proposition.”
He added: “With this and the intermediary market firmly in mind, we offer our brokers and introducers a wide range of flexible and competitive finance solutions, including first charge loans up to 80% loan to value and second charge up to 75%.
“With substantial funding guaranteed and in place, we’re open for business.”