Short term lender expects to hand out £1bn this year
Christian Candy’s bridging finance house Omni Capital is expecting to dish out £1bn in short term loans by the end of this year.
The company has already signed-off on £400m-worth of loans this year, including some choice prime resi projects such as £127.5m for Northacre’s 1 Palace St and – just last week – £48m for Hadley’s acquisition of Chelsea Island. Last week also saw a £35m loan for a private residence in Knightsbridge and talks to provide a further £100m “super-bridge” for a property in North London.
Prime Resi – http://bit.ly/1khhfKk