Multi award winning short-term lender Ortus Secured Finance is looking to increase its exposure to large loans in 2018.
Ortus increased its maximum loan size to £25m last year and have since completed a series of loans in this size bracket.
Criteria for these larger loans is similar to the broader Ortus offering, although it is clearly aimed at sophisticated high net worth borrowers. Interest rates start at 0.65% per month, which annualises at just 7.8%, and they can offer extended loan terms of up to 36 months.
They will consider a wide range of non-regulated security, including Investment residential, commercial, semi commercial / mixed use, leisure assets and specialist commercial.
Ortus also has the in-house expertise to accommodate a wider range of borrowers, including foreign nationals, offshore companies, BVI, and Trusts.
Jon Salisbury, pictured, MD of Ortus Secured Finance explains the rationale behind the move:
“Our loan size criteria starts at £100k and all deals, whatever their size, are extremely important to us. However, we are keen that introducers also know about our capacity to do much larger deals”