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Commercial Finance

Sirius completes record £65m month

Victoria Hartley
Written By:
Posted:
July 12, 2018
Updated:
July 12, 2018

Sirius Property Finance recorded its biggest month to date in June, completing on loans worth more than £65m.

 

The bespoke brokerage and debt advisory service, which specialises in high-net worth and corporate real estate finance transactions wrote several stand out deals in H1 including a development exit deal for £22m and an acquisition bridge for £11.9m that was structured at 90% loan to cost.

In another deal, a £700,000 commercial loan on a property with no tenant was put together to enable the client to service the debt from personal means until it was let.

Robert Collins, director at Sirius Property Finance, said: “There continues to be a huge amount of demand from property investors who want bespoke solutions for complex lending requirements and our team at Sirius has worked tirelessly to source the best funding options for a range of transactions.”

He added: “Consequently, we have finished the first half of 2018 with a record month, and we enter the second half of the year with a commitment to further build our business while maintaining our consistently high standards of service.”

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Sirius was launched by Brightstar Financial in October 2016 and appointed Adele Turton earlier this year to run a new Manchester office and grow the business in the North of England.