The announcement comes on the back of a bumper 2016 for the specialist lender after it entered the Sharia-compliant market and well as securing a £20m funding boost.
- Welcome to regulation
- Commercial lender enters Sharia-compliant market
- Lender secures £20m funding boost
Ortus told Bridging & Commercial that the large loan product would continue its trend of innovation, which along with the Sharia-compliant bridging offering also includes a pub finance product.
“Our new large loan product will hopefully surprise brokers by giving them a genuinely new option at attractive pricing,” said Jon Salisbury, managing director of Ortus.
The lender also revealed that the announcement has been made possible by a specific funding line provided by a UK private office who have worked with Ortus for many years and are a cornerstone investor in the Ortus fund.
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