Omni Readies Property Loan Fund

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.


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