Opes Financial Partners completes two loans in PCL
Knightsbridge-based Opes Financial Partners, one of London’s leading independent financial intermediaries, has this week completed GBP14 million worth of loans in Prime Central London and expanded its residential mortgage offering with the appointment of a new Sales Director.
Sai Shanmugam, formerly of Chestertons and London’s Harding Green, will oversee the group’s expansion in the residential mortgage market. Opes has also brokered two loans for private investors, with a GBP9m loan to refinance existing debt on a GBP26 million Belgravia apartment as well as GBP5 million development finance for a residential scheme in Mayfair.
Opes, which celebrated its 10th anniversary in March and is headquartered in Knightsbridge, also has rep offices in Bahrain and Hong Kong. The company focusses on international High Net Worth individuals and offers bespoke lending solutions for private and institutional clients, with its team of experienced brokers covering traditional commercial and residential mortgages as well as specialist finance, including development and bridging loans.
It has brokered real estate loans internationally in the likes of Germany, Sweden, Spain, France and the US. Recent UK deals include a GBP7m bridging loan for a luxury North-London townhouse and GBP33 million development finance for a North-East London developer.
Shanmungam becomes the company’s first sales director and will spearhead an intentional push in the residential mortgage market. His primary area of focus will be to strengthen existing introducer relationships with London’s leading agencies and create new ones both within the capital and across the UK. The company will retain its emphasis on prime assets.
Born and educated in India, the experienced Shanmugam began his business career in 2004 and eventually became a business and development head for some of Europe’s biggest fashion brands, before moving to London in 2011 and pursuing a career in property. He became one of Chesterton’s top negotiators, posting some of the highest sales figures across all 32 offices in 2018 and frequently oversaw deals of up to GBP20m out of its Kensington office. His experience in the prime market led him to a leading independent, Harding Green, where he worked for three years before joining the team at Opes.
He has over 10 years of real estate experience in the UK, with a wealth of knowledge, experience and contacts in the prime market.
Sai Shanmugam, Sales Director, Opes Financial Partners, says:“ Opes has developed a fantastic reputation over the last decade and has arguably been punching above its weight in terms of the volume and specialism of deals its been brokering in that time. I’ve had first hand experience of working with them so I’m aware of the quality they offer and principles informing their work.
The agent to mortgage broker relationship is an integral market dynamic and I look forward to transferring my working knowledge and network of contacts to Opes.”
Masood Rashid, co-founder and director, Opes Financial Partners, says: “Sai is a fantastic addition to the team and someone who will only enhance an already strong residential offering. Our recruitment places a strong emphasis on synergy with our principles, values and team chemistry and Sai ticks all the boxes in that respect, as well as having great experience and industry contracts.
"Sai will be supporting the team with its ambitious plans for the immediate and long term future and we’re delighted to have him on board.”