Record month for Sirus
Sirius Property Finance recorded its biggest month to date in June, completing on loans worth more than £65m.
The record month capped a successful first half to 2018 for the bespoke brokerage and debt advisory service, which specialises in HNW and corporate real estate finance transactions.
Robert Collins, director at Sirius Property Finance, said: “There continues to be a huge amount of demand from property investors who want bespoke solutions for complex lending requirements and our team at Sirius has worked tirelessly to source the best funding options for a range of transactions.
“Consequently, we have finished the first half of 2018 with a record month, and we enter the second half of the year with a commitment to further build our business whilst maintaining our consistently high standards of service.”
Amongst the loans written by Sirius in June was a development exit deal for £22m and an acquisition bridge for £11.9m that was structured at 90% loan to cost.
There was also a £700,000 commercial loan on a property with no tenant that was structured to enable the client to service the debt from personal means until it was let.
Sirius was only launched by Brightstar Financial in October 2016. Earlier this year, it appointed Adele Turton to run a new Manchester office and grow the business in the North of England.