The short and medium-term residential property funder set up the new division branded ‘Omni Capital Structured Finance’, to target experienced international real estate professionals looking to access substantial funding for property investment and development.
The lender will offer £5m to £250m on a whole loan, junior debt or mezzanine commercial or residential finance basis in the UK, Europe and the United States.
Manager and developer of the new division, Dan 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 CEO, 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.” Over the past two years, the lender has provided more than £400m of fresh liquidity to the UK residential property sector.