- Montello Bridging Finance
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Montello Bridging Finance is a real estate bridging finance company based in London, run by parent company Montello Capital Partners, which is also the asset manager for the Montello Income Fund. The Montello Income Fund is a real estate bridging finance fund that is focussed on lending against the residential property market in the United Kingdom (specifically in London).[1][2][3]
Montello Bridging Finance funds its transactions through private funding sources (as opposed to capital from banking institutions).[4] The Montello Income Fund is set up as a UK dual exempt unit trust and limited partnership that is open to individual investors, offshore bonds, and Self-invested personal pension (SIPP) investors.[5] The Fund lends directly to end borrowers in the UK, and takes first charge security interest for all of its loans in the name of the Fund.
As a bridge financing specialist, Montello provides short-term funding solutions for borrowers. Examples of where Montello provides bridging finance includes auction purchases, for corporate cash-flow issues, to complete under-market value purchases, or other instances where fast settlements are required.[6]
References
- ^ Dyson, Millie (2010-09-09). "Montello raises £20M for real estate bridging finance". myintroducer.com (Barcadia Media Limited). http://www.myintroducer.com/view.asp?ID=5118. Retrieved 2010-09-13.
- ^ Ketchington, John (2010-02-24). "Bridging specialist Montello to launch property loan fund". FT Adviser (The Financial Times Limited). http://www.ftadviser.com/investmentadviser/investments/assetclass/property/news/article/20100224/b50ee858-2162-11df-9767-00144f2af8e8/ia-web-010310-montello.jsp. Retrieved 2010-09-13.
- ^ "Montello raises GBP20M for real estate bridging finance transactions". Property Funds World. 2010-09-08. http://www.propertyfundsworld.com/2010/09/08/60567/montello-raises-gbp20m-real-estate-bridging-finance-transactions. Retrieved 2010-09-13.
- ^ Toner, Christine (2010-08-09). "Bridging Barriers". mortgagestrategy. http://www.mortgagestrategy.co.uk/1016531.article. Retrieved 2010-09-13.
- ^ "Montello bridges finance gap". MoneyMarketing. 2010-02-26. http://www.moneymarketing.co.uk/product-news/new-product-reviews/montello-bridges-finance-gap/1007470.article. Retrieved 2010-09-13.
- ^ "London bridging firm saves borrower from foreclosure in final days". Bridging and Commercial Ltd. 2010-08-09. http://www.bridgingandcommercial.co.uk/newsstory?id=1151&type=newsfeature&title=london_bridging_firm_saves_borrower_from_foreclosure_in_final_days. Retrieved 2010-09-13.
External links
Categories:- Companies of the United Kingdom
- Economics and finance stubs
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