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Omni completes two multimillion pound deals

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  • 09/10/2012
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Omni completes two multimillion pound deals
Short-term lender Omni Capital and a finance brokerage have completed back-to-back second-charge bridging loans with a combined value of more than £4million.

Mayfair-based Arc & Co arranged the first second-charge loan worth over £2.6m at a 75% LTV, secured on a property in Chelsea, west London.

The client was keen to complete fast and the subsisting first-charge was granted as an Islamic mortgage. The second case was valued at £1.4m and was a second-charge loan secured on a property in Hampstead, north-west London.

Colin Sanders, chief executive officer of Omni Capital, (pictured) said: “There is no mistaking the increasing demand from brokers for high-value second-charge bridging finance for their property investor and development clients. Happily, Omni Capital is one of a relatively small number of short term lenders able to meet their needs.”

Andrew Robinson, managing director of Arc & Co., said: “In these deals in particular, Omni Capital played an integral role by supporting us and the clients with their specialist knowledge and access to professional advice.”

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