Brightstar Financial has successfully placed a £5 million bridging deal with Omni Capital.
WIth a loan-to-value of 72%, the 24-month term loan is secured on two high-end period properties located in prime central London postcodes.
A number of complexities were evident early on in the application process and demanded further investigation. These included unusual legal, title and tenancy issues. It also proved necessary to overcome the first mortgagee’s initial refusal to grant consent to Omni Capital’s proposed charge.
Brightstar has recently been appointed onto Omni Capital’s Preferred Partners panel.
Rob Jupp , managing director of Brightstar Financial, said: “This certainly wasn’t a straightforward case and needed significant involvement by all parties. Well done to Colin and all at Omni Capital for their delivery on this.””
