Case Study: Distressed Portfolio Northern Ireland


The Opportunity

• Client had portfolio of 20 properties in Belfast

• Ulster Bank were owed £2 million

• The portfolio was worth between c.£1.2 million on a wholesale basis

• Ulster Bank agreed to settle at this level

The Solution

• The client was able to raise £400k of cash equity

• Ortus Secured Finance provided a £800k loan

• The client now has an opportunity to either refinance the properties individually with buy-to-let lenders, or transact sales on a retail basis