A bridging lender has launched called Momentus Capital from Dani Spitzer, who has experience in private banking.
The lender has secured a £100 million facility, while it will focus on time-sensitive acquisitions and developments, from the purchase of commercial sites to the refurbishment of residential portfolios.
Momentus launched at the start of the month, with the lender targeting over £250 million in loan origination in its first year.
Dani Spitzer, founder and chief executive of Momentus Capital, said: “The launch of Momentus Capital represents an exciting new chapter in my career. My goal is to do things differently – combining deep sector knowledge with a highly personalised, solution-oriented approach to bridging finance.
“Our mission is simple: to act fast, lend responsibly, and empower our clients to seize new opportunities across both residential and commercial real estate.”
Headquartered in London, Momentus Capital offers bridging loans ranging from £250,000 to £20 million, for residential and commercial property transactions across the UK.