Omni Partners, the London headquartered investment manager, has launched the first UK securitisation of short term property loans.
Omni’s group company Brookland Partners has advised Omni subsidiary, Amicus, on the completion of Amicus Mortgage Finance 2015-1, the UK’s first securitisation to focus solely on UK short term property loans, with loan terms ranging from 6-18 months.
The asset-backed security (ABS) provides investors with a portfolio of short term loans with a weighted average loan to value of 60%.
Omni’s subsidiary Amicus has been operating in the short term lending market for six years and originating loans for institutional investors in Omni Secured Lending Fund I and Fund II, a series of secured lending funds managed by Omni for over 18 months.
Brookland Partners, the real estate investment banking firm and property debt advisor, has structured the securitisation.