The Christian Candy backed provider of short and medium-term residential funding will brand the division ‘Omni Capital Structured Finance’, catering for international real estate professionals
Loans from £5m to £250m are available on a whole, junior debt or mezzanine finance basis and both residential and commercial projects will be considered over short or medium-term
Dan Smith, who will manage and develop the division, 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.”
All underwriting will be performed under Smith’s supervision on a case-by-case basis.
The finance proposition is available for suitable projects in the UK, Europe and the United States.
Colin Sanders, chief executive officer of Omni Capital, said: “The launch of our new funding division is a significant milestone in Omni Capital’s corporate expansion and continued forward trajectory.
“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.”
The announcement follows the completion of Omni’s recent record-breaking £127.5m bridging facility for the purchase and development of a central London property close to Buckingham Palace.
Over the past two years, Omni has provided more than £400m of liquidity to the UK residential property sector.