KSEYE Capital reaches £100m active loan book milestone
By Bridging Loan Directory -
KSEYE Capital has announced it has reached a significant milestone, with its active loan book now exceeding the £100m mark.
As a specialist principal lender offering bespoke bridging finance solutions secured against residential, commercial, mixed-use and development properties in England and Wales.
KSEYE has completed over £300m worth of bridging loans in its 8 year lending history.
Key recent highlights include a £9m facility secured against a portfolio of residential, commercial and mixed-use properties in London, which completed in just a few days, as well as a £4m developer exit loan secured against a site in Bushey, Herts.
KSEYE is committed to providing fast and flexible funding that is tailored to the needs of its borrowers.
Backed by multiple institutional funding lines, including a £300m facility from a global investment bank, KSEYE is well-funded and well-positioned to continue its growth trajectory over the coming months.
Over the last 12 months the company has invested significantly in the expansion of its team and the development of bespoke loan management software, both of which will improve the lending experience for borrowers and brokers and support the continued expansion of the business.
Ross Turrell, Head of Sales, KSEYE, said:
”We’ve built strong relationships with some excellent broker partners over the last 18 months and expanded the sales team at the back end of last year.
With the unexpected arrival of Covid-19, we had to adapt quickly, which allowed us to continue to lend safely throughout the lockdown period.
We’ve also been fortunate enough to upsize two of our funding lines in the last few months, so we’ve been extremely busy supporting brokers and borrowers throughout the pandemic – whilst other lenders have retracted from the market.
Although the purchase market has slowed, we are still seeing experienced property investors seeking out opportunities.
In particular where they can add value and maximise revenue by converting, extending or changing the use of the property.”
Jitendra Khagram, Director and Co-Founder, KSEYE, added:
‘We’re really pleased to have reached the £100m active loan book milestone, which wouldn’t have been possible without the support of the KSEYE team, our broker partners and our funding partners.
We’re incredibly grateful for this and in the coming months we’re keen to strengthen our existing relationships and explore new avenues.
We will continue to invest in our staff and infrastructure and look forward to continued growth for the rest of the year and into 2021.’