Montello Bridging Finance was a specialist real estate financier based in London, run by parent company Montello Capital Partners, which is also the asset manager for the Montello Income Fund, the Montello Development Finance Fund and the Montello Real Estate Opportunity Fund.
The Montello Income Fund is a real estate bridging finance fund that is focused on lending against the residential property market in the United Kingdom (specifically in London).
The Montello Development Finance Fund is a specialist development finance lending vehicle, which focusses on lending to residential developers in London.
Montello Bridging Finance funds its transactions through its own suite of funds (the Montello Income Fund and the Montello Development Finance Fund) and bank funding lines.
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
A self-invested personal pension (SIPP) is the name given to the type of UK government-approved personal pension scheme which allows individuals to make their own investment decisions from the full range of investments approved by HM Revenue and C ...
(SIPP) investors.
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
A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan, ...
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.
Montello Capital Management has over a quarter of a billion dollars under management.
See also
*
LendInvest
LendInvest is a British non-bank Mortgage lending , mortgage lender which provides a property lending and investing platform. As an alternative fintech lender in the property market, LendInvest provides finance to property professionals and small ...
References
External links
Montello Bridging Finance websiteMontello Income Fund website
Defunct companies based in London
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