Exclusive: Omni completes £10m Atlanta bridge

Exclusive: Omni completes £10m Atlanta bridge


A leading short term lender has announced the completion of a £10 million ‘super bridge’ with a specialist large-ticket loan distributor.

High net worth lender Omni Capital solely funded the £10.5 million deal, which was introduced by Atlanta Capital plc, a Cheltenham-based distributor and consultancy which specialises in facilitating development and bridging finance for clients in need of £1 million or more.

The bridging loan was provided for a private client, secured as a first charge against their period property in Knightsbridge, London. 

The amount forwarded represents a loan-to-value of 70 per cent and was issued for a term of seven months.  

The facility also replaces the funding previously provided by a private banking house and a well-known Swiss bank. 

The case unsurprisingly required that a number of legal and technical challenges were met, requiring specialist intervention at some points.

Working in close partnership, however, lender and introducer forensically overcame each obstacle while still retaining the client’s confidence that a successful outcome would be achieved. 

Colin Sanders, Chief Executive Officer of Omni Capital, said: “Were it needed, this case provides further evidence of Omni Capital’s muscular ability to entertain, process and complete deals beyond the reach of others. It isn’t just about having the cash to lend; it’s as much about having the appetite to lend combined with access to specialist capabilities that enable even the most complex of problems to be resolved.”

He added: “In the continuing absence of mainstream funding, there has rarely been a more important role for alternative lenders and intermediaries to play to help keep liquidity flowing.

“In this regard, I must pay glowing tribute to those at Atlanta Capital. Their consistent belief in our ability to assist their client was the essential ingredient in making this deal happen. Combined with their unrivalled understanding of large-value lending, it allowed us, in close partnership, to work through some quite daunting and time-consuming issues. They have our great respect.”

Sem O’Connell, Operations Director of Atlanta Capital, said: “It has been three years since our company suffered the devastation of losing our main funding line. During this time, we have risen from the ashes to become a unique hybrid, making smaller loans in-house and turning to a tiny number of carefully chosen lending partners to provide our funding.  

He added: “When it comes to our trademark larger loans, there is only one serious partner for Atlanta and this is Omni Capital. Colin and his close-knit team have built the Omni brand into a proud organisation which is bold, polished, intelligent and proactive. It fits our proposition perfectly and, as this goes to print, we are delighted to have in excess of £6 million of additional new borrowing formally offered through Omni.  

“We thank the Omni team for their unending support, their sense of humour and their professionalism, and we wish them the continued success they so richly deserve during 2013. “


Leave a comment