Reading-based Niche Financial Solutions has marked its appointment as a preferred partner of Omni Capital, a specialist short-term lender, with a debut deal completion valued at £1m.
The second-charge loan is secured on a prime residential property in stockbroker-belt Surrey. While superficially straightforward, the case presented a number of significant processing challenges from the outset.
Following the refusal of the existing second-charge mortgagee to extend their facility, Niche Financial and Omni Capital stepped in to assist and were ultimately successful in negotiating a complex Deed of Priority with the senior lender.
Speaking for Niche Financial, Malcolm Scanlon said: “When this deal arrived in our office, despite its complex nature we knew the case would be in safe hands with Omni Capital.
“They have a great appetite to lend, and we were able to work in tandem to ensure the case reached a quick completion.”
News Source: http://www.introducertoday.co.uk/
The second-charge loan is secured on a prime residential property in stockbroker-belt Surrey. While superficially straightforward, the case presented a number of significant processing challenges from the outset.
Following the refusal of the existing second-charge mortgagee to extend their facility, Niche Financial and Omni Capital stepped in to assist and were ultimately successful in negotiating a complex Deed of Priority with the senior lender.
Speaking for Niche Financial, Malcolm Scanlon said: “When this deal arrived in our office, despite its complex nature we knew the case would be in safe hands with Omni Capital.
“They have a great appetite to lend, and we were able to work in tandem to ensure the case reached a quick completion.”
News Source: http://www.introducertoday.co.uk/
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