Montello Bridging Finance was a British specialist real estate financier primarily based in London, run by mum or dad firm Montello Capital Partners, which was additionally the asset manager for the Montello Income Fund, the Montello Development Finance Fund and the Montello Real Estate Opportunity Fund. The Montello Income Fund was a real property bridging finance fund that is concentrated on lending in opposition to the residential property market in the United Kingdom (particularly in London). The Montello Development Finance Fund was a specialist improvement finance lending vehicle, which focusses on lending to residential builders in London. Montello Bridging Finance funded its transactions by way of its own suite of funds (the Montello Income Fund and the Montello Development Finance Fund) and financial institution funding traces. The Montello Income Fund is arrange as a UK dual exempt unit belief and restricted partnership that was open to individual buyers, offshore bonds, and Self-invested private pension (SIPP) buyers. The Fund lended straight to finish borrowers within the UK, and took first charge security interest for all of its loans in the name of the Fund. As a bridge financing specialist, Montello offered quick-time period funding solutions for borrowers. Examples of where Montello supplies bridging finance includes auction purchases, for company cash-move issues, to finish beneath-market value purchases, or other cases the place quick settlements are required. In 2013, it spun off the business to LendInvest which grew to become a fintech lending firm. At the moment Montello Capital Management had over a quarter of a billion dollars under management. Dyson, Millie (9 September 2010). "Montello raises £20M for real property bridging finance". Ketchington, John (24 February 2010). "Bridging specialist Montello to launch property loan fund". FT Adviser. The Financial Times Limited. Hall, Robyn (eight January 2013). "Montello Launches Development Finance Fund". Mortgage Introducer. Mortgage Introducer. Toner, Christine (9 August 2010). "Bridging Barriers". Bridging and Commercial Ltd. This finance-associated article is a stub. You may help Wikipedia by increasing it. This web page was last edited on 17 September 2024, at 12:Fifty four (UTC). Text is on the market below the Creative Commons Attribution-ShareAlike License 4.0; further phrases could apply. By using this site, you conform to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit group.