Ortus set to treble Northern Irish lending

Ortus set to treble Northern Irish lending




Ortus Secured Finance is aiming to treble the size of its lending book in Northern Ireland by the end of 2017.

In February, the London-based commercial lender launched a new £40m fund for businesses in the leisure and commercial property sector in the UK and Northern Ireland. 

Now, Jon Salisbury, Managing Director of Ortus, hopes the lender can make a real difference to the area. 

“Northern Ireland is becoming an increasingly important focus for us as an area where commercial lending is relatively scarce. 

“Northern Ireland and Scotland are areas in which we feel we can really make a difference – due, in large part, to an existing lack in available funding.”

“This is a very exciting time for us – and for the businesses we work with.”

Jon added that Ortus was very positive about the process it was making across the UK and was optimistic about its growth as it looked to double its commercial lending within the next year.

“While banks are still treading carefully when it comes to SME lending, we have been focusing on building strong relationships with distributors and are excited about growing our lending book further as we expand.

“There are still a very large number of businesses in a strong credit position looking for additional finance in our target markets.”

Ortus recently completed a hat-trick of deals across England, Scotland and Northern Ireland with loans secured against mixed-use commercial properties and pubs. 

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