cash

Ortus to quadruple maximum loan size



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Ortus Secured Finance has revealed exclusively to Bridging & Commercial that it intends to increase its maximum loan size from £5m to £20m early this year.

The announcement comes on the back of a bumper 2016 for the specialist lender after it entered the Sharia-compliant market and well as securing a £20m funding boost.

Ortus told Bridging & Commercial that the large loan product would continue its trend of innovation, which along with the Sharia-compliant bridging offering also includes a pub finance product.

“Our new large loan product will hopefully surprise brokers by giving them a genuinely new option at attractive pricing,” said Jon Salisbury, managing director of Ortus.

The lender also revealed that the announcement has been made possible by a specific funding line provided by a UK private office who have worked with Ortus for many years and are a cornerstone investor in the Ortus fund.

 

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