Christian Candy-backed Omni Capital has launched an international structured finance division offering residential and commercial loans of up to £250m.
The division, Omni Capital Structured Finance, will be managed and developed by former Eurohypo managing director Dan Smith and provide funding for international property investment and development.
Omni said it will offer loans from £5m to £250m 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.
It will sit alongside Omni Capital’s existing offer of short and medium-term residential property funding
In an acknowledgement of world-wide real estate opportunities, the CPC Group-owned lender said its structured finance proposition is available for suitable projects in the UK, Europe and the United States.
It added that consistent with Omni Capital’s established approach to risk, all underwriting will be performed under Smith’s supervision on a bespoke case-by-case basis.
Smith 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 chief executive, 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.”
Omni Capital’s announcement follows its recent completion of a £127.5m bridging facility for the purchase and development of an iconic central London property close to Buckingham Palace. Over the past two years, the lender has provided more than £400m of fresh liquidity to the UK residential property sector.
Christian Candy-backed Omni Capital has launched an international structured finance division offering residential and commercial loans of up to £250m. The division, Omni Capital Structured Finance, will be managed and developed by former Eurohypo managing director Dan Smith and provide funding for international property investment and development. Omni said it will offer loans from £5m to £250m 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. It will sit alongside Omni Capital’s existing offer of short and medium-term residential property funding In an acknowledgement of world-wide real estate opportunities, the CPC Group-owned lender said its structured finance proposition is available for suitable projects in the UK, Europe and the United States. It added that consistent with Omni Capital’s established approach to risk, all underwriting will be performed under Smith’s supervision on a bespoke case-by-case basis. Smith 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 chief executive, 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.” Omni Capital’s announcement follows its recent completion of a £127.5m bridging facility for the purchase and development of an iconic central London property close to Buckingham Palace. Over the past two years, the lender has provided more than £400m of fresh liquidity to the UK residential property sector. bridget.o’connell@estatesgazette.com
