Bridging lender Omni Capital and specialist mortgage consultancy Asgard Capital have teamed up to provide a complex, £8.4 million pound bridging loan.
At a loan-to-value of 75%, the first-charge loan is secured on two properties in prime west London. A monthly interest rate of 1.25% was agreed with the client.
The deal was introduced to Omni Capital by Asgard Capital, a City of London-based mortgage consultancy specialising in the provision of bespoke financial advice to high and ultra-high net worth clients. No other intermediary was involved.
“We have established an excellent relationship with Omni Capital,” said Matthew Van Lorson, director of Asgard Capital. “Their entrepreneurial approach and understanding of complicated deal structures is above and beyond other lenders at this level.”
“This case highlights to very good effect why professional intermediaries are of such importance to the bridging sector,” added Colin Sanders (pictured), chief executive officer of Omni Capital.
“Through a combined effort, we were able to navigate our way through a complexly-structured deal involving a number of legal entities to achieve a positive result.
“Very few large bridging loans come without significant challenges, and this was no exception. But Omni Capital is deservedly recognised as a lending specialist in this field, and one with the funds available to match its appetite. Our relationship with Asgard Capital continues to flourish, and we look forward to helping them deliver similar outcomes in the near future.”