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.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of