Saturday, 1 August 2015
Last updated 12 hours ago
Feb 3 2014 | 3:59pm ET
Hedge fund Omni Partners is getting into the real-estate lending business.
The London-based firm is set to launch its first property-lending fund, Financial News reports, three months after bringing origination platform Capital Bridging Finance in-house.
The new fund will made shorter-term loans in the U.K., on both commercial and residential properties. The loans—which will charge interest rates of between 8% and 24%—will have a maximum duration of 18 months.
Omni plans to seek out opportunities with loan-to-value ratios of up to 70%, according to FN.
The fund will offer "the benefit of the inverted yield curve in assets," an Omni spokesman told FN. "Clients will receive a higher return for less duration risk."
Capital Bridging had been seeded by Omni founder Steve Clark.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…