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Omni Capital targets £1bn in lending over next 3 years

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  • 22/10/2012
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Omni Capital targets £1bn in lending over next 3 years
Short-term lender Omni Capital has announced it is to lend £1bn over the next three years after receiving pledges of funding from CPC Group.

The bridging lender revealed it has hit £100m of lending during the first six months of the year and has increased its maximum loan level from £7.5m to £25m.

This allowed Omni to complete a £20m ‘super bridge’ deal on a residential development in Surrey earlier this month.

Christian Candy, founder of CPC Group, backed Omni’s decision to expand and praised the management team at the lender.

“Since Colin Sanders was appointed as Omni Capital’s new chief executive officer last year, he has pieced together a highly experienced management team and made significant investment in the operations and infrastructure for the business, meaning it is well positioned to serve more customers with new products.”

“With the increasingly high demand for large value short-terms loans from developers and investors, Omni Capital is filling the gaps left by the banks and providing borrowers with an alternative solution.

“With Omni Capital’s guaranteed and substantial in-house funding and recent track record, we believe that by 2014 we will have developed the Omni Capital brand in new financial services markets and built a multiple product business.”

Colin Sanders (pictured) added: “Omni Capital enjoys solid support from CPC Group, providing the company with direct access to substantial in-house funds and multi-layered back office expertise.

“Together, I’m confident we can build on our verifiable success in the bridging sector to move Omni Capital into new property-focused markets and product arenas. In doing so, our intermediary partners will feature large.”

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