London-based property lending firm Ortus sets up permanent Belfast base
A LONDON-based property lending firm has opened a new office in Belfast city centre and is set to create 10 jobs.
Ortus Secured Finance has set up a permanent base in Arthur House and appointed Shane Donnelly, formerly of Bank of Ireland, as its head of operations here.
The property-lending specialist, which has been active in the Northern Ireland since 2014, plans to create 10 local jobs over the next 12 to 18 months.
Ortus managing director, Jon Salisbury believes a physical presence in Belfast demonstrates the company's confidence and commitment to the local market and is the next logical step in its growth.
“Our experiences in Northern Ireland have been really positive,” Mr Salisbury said
“We have huge respect for the business and professional community and believe there is significant untapped potential for specialist lenders like Ortus. We have spent time getting to know the market before taking the decision to open an office."
“Shane is an experienced real estate finance professional and very well-connected in the Northern Irish business community. He shares our core values and is passionate about the service he provides to clients. We have every confidence that he is the right person to take our business in Northern Ireland to the next level.”
Speaking about his appointment Mr Donnelly added:
“I am delighted to join Jon and the Ortus team in heading up and driving the Northern Irish business. Ortus' relationship-based model and unique product offering is ideally suited to service a growing local property sector and take full advantage of funding gaps in the market.”
To date Ortus has issued loan offers, or agreements in principle, totalling more than £200 million in Northern Ireland, relating to a wide range of assets including commercial property, residential investment property and land with planning.
The company enjoyed record growth in 2018 and has set itself ambitious growth targets for 2019 with the expectation of widening its offering to brokers, with new product releases, and growing its loan book to £250m across the UK.