Montello Private Finance
Encyclopedia
Montello Bridging Finance is a real estate bridging finance company based in London, run by parent company Montello Capital Partners, which is also the asset manager for the Montello Income Fund. The Montello Income Fund is a real estate bridging finance fund that is focussed on lending against the residential property market in the United Kingdom (specifically in London).
Montello Bridging Finance funds its transactions through private funding sources (as opposed to capital from banking institutions). The Montello Income Fund is set up as a UK dual exempt unit trust and limited partnership that is open to individual investors, offshore bonds, and Self-invested personal pension
(SIPP) investors. The Fund lends directly to end borrowers in the UK, and takes first charge security interest
for all of its loans in the name of the Fund.
As a bridge financing
specialist, Montello provides short-term funding solutions for borrowers. Examples of where Montello provides bridging finance includes auction purchases, for corporate cash-flow issues, to complete under-market value purchases, or other instances where fast settlements are required.
Montello Bridging Finance funds its transactions through private funding sources (as opposed to capital from banking institutions). The Montello Income Fund is set up as a UK dual exempt unit trust and limited partnership that is open to individual investors, offshore bonds, and Self-invested personal pension
Self-invested personal pension
A Self-Invested Personal Pension is the name given to the type of UK-government-approved personal pension scheme, which allows individuals to make their own investment decisions from the full range of investments approved by HM Revenue & Customs ....
(SIPP) investors. The Fund lends directly to end borrowers in the UK, and takes first charge security interest
Security interest
A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt. It gives the beneficiary of the security interest certain preferential rights in the disposition of secured assets...
for all of its loans in the name of the Fund.
As a bridge financing
Bridge financing
Bridge financing is a method of financing, used to maintain liquidity while waiting for an anticipated and reasonably expected inflow of cash. Bridge financing is commonly used when the cash flow from a sale of an asset is expected after the cash outlay for the purchase of an asset...
specialist, Montello provides short-term funding solutions for borrowers. Examples of where Montello provides bridging finance includes auction purchases, for corporate cash-flow issues, to complete under-market value purchases, or other instances where fast settlements are required.