Montello Bridging Finance was a British specialist real property financier based in London, run by father or mother 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 towards the residential property market within the United Kingdom (specifically in London). The Montello Development Finance Fund was a specialist growth finance lending vehicle, which focusses on lending to residential developers in London. Montello Bridging Finance funded its transactions by means of its own suite of funds (the Montello Income Fund and the Montello Development Finance Fund) and bank funding traces. The Montello Income Fund is set up as a UK dual exempt unit belief and restricted partnership that was open to individual buyers, offshore bonds, and Self-invested private pension (SIPP) traders. The Fund lended straight to end borrowers in the UK, and took first cost safety interest for all of its loans within the name of the Fund. As a bridge financing specialist, Montello supplied short-time period funding solutions for borrowers. Examples of where Montello gives bridging finance contains public sale purchases, for corporate money-circulate points, to complete under-market worth purchases, or different situations where fast settlements are required. In 2013, it spun off the enterprise to LendInvest which grew to become a fintech lending company. At that time Montello Capital Management had over a quarter of a billion dollars underneath management. Dyson, Millie (9 September 2010). "Montello raises £20M for actual estate bridging finance". Ketchington, John (24 February 2010). "Bridging specialist Montello to launch property loan fund". FT Adviser. The Financial Times Limited. Hall, Robyn (8 January 2013). "Montello Launches Development Finance Fund". Mortgage Introducer. Mortgage Introducer. Toner, Christine (9 August 2010). "Bridging Barriers". Bridging and Commercial Ltd. This finance-related article is a stub. You may help Wikipedia by increasing it. This page was final edited on 17 September 2024, at 12:54 (UTC). Text is obtainable underneath the Creative Commons Attribution-ShareAlike License 4.0; additional phrases could apply. Through the use of 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.