Ortus to quadruple maximum loan size
By Tom BelgerOrtus Secured Finance has revealed exclusively to Bridging & Commercial that it intends to increase its maximum loan size from £5m to £20m early this year
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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.
Keywords: Ortus Secured Finance, Sharia compliant, funding boost, Commercial Finance, Jon Salisbury, Maximum loan size, pub loans
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/ortus-to-quadruple-maximum-loan-size