Ortus

Ortus provides £4.6m loan for HNW foreign national



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Ortus Secured Finance has provided a £4.6m loan for a foreign national secured over two residential investment properties in central London.

The foreign national was residing in a CIS (Commonwealth of Independent States) republic and is the director of an energy company.

The borrower’s commercial facility with a high street bank had expired and the bank was not prepared to renew the facility because it was strategically withdrawing from certain CIS markets.

This meant that the client was under pressure to repay.

A bridging solution was recommended by the client’s broker to allow him time to source the best longer-term solution from a private bank.

Ed Horn-Smith, director of Arc & Co, which introduced the client to Ortus, said: “This loan had a few complexities, but Ortus was proactive and showed a real can-do attitude.”

Last week, Ortus announced that it was increasing its appetite for larger loans.

“We have both the appetite and the funding capability to write bigger ticket loans, and this was one of many we completed last year,” said Jon Salisbury, managing director of Ortus Secured Finance (pictured above).

“Our maximum loan size is £25m and we have plenty of experience working with complex borrowers and structures.”

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