Alternative lender Kuflink lands £35m institutional debt funding
Kuflink, which specialises in bridging & development loans, started out as a peer-to-peer property lender but has moved to an institutional funding model.
Kuflink, an alternative lender has raised a £35m of institutional debt facility from European Risk Capital and Paragon Bank.
Kufflink is a property lender focused on the UK housing market. It has originated £300m of loans since its inception with zero investor losses to date.
The deal, which is secured against a portfolio of bridging & development loans, comes with a potential annual renewal over three years.
“The new facility will take Kuflink to the next stage in the development of our growth plans and is particularly welcome as it ensures certainty of funding for our introducers and complements our existing, successful Market Place lending platform,” said Narinder Khattoare, CEO, Kuflink.
“This agreement is the culmination of a lot of hard work, not only from our team at Kuflink but especially at European Risk Capital and Paragon Bank and I would like to thank everyone involved for making it happen,” he added.