The second charge is secured on a prime residential property in Surrey.
The client’s existing second-charge mortgagee refused to extend their facility which led the client to approach Niche Financial where they were able to place the £1m loan with Omni Capital.
Malcolm Scanlon, head of lending at Niche Financial Solutions, said: “I have been fortunate enough to have known Colin and his team for a number of years.
“When this deal arrived in our office, despite its complex nature we knew the case would be in safe hands with Omni Capital.
“They have a great appetite to lend and we were able to work in tandem to ensure the case reached a quick completion.
“As a brokerage that receives deals direct from clients and also other introducers, it is essential that we have faith in the products we have available.”
Colin Sanders, chief executive officer of Omni Capital, added: “It is always a pleasure to meet old friends again.
“With a shared background in specialist financial services, we have known Malcolm for many years and warmly welcome him and his team as a key partner.
“Completing this deal with Niche Financial gives us added pleasure in that it presented a number of complexities that might have proved too daunting for many intermediaries.
“But with perseverance, patience and a bit of commonsense we united to go the extra mile and bring about a successful and mutually-beneficial outcome.”
