Warwick Crescent: Development Finance in Action
At the start of 2018, a property professional with impressive plans for a new housing development approached us seeking just over £3.5 million to bring his vision to life. Money well lent Luckily for him, Kuflink Bridging know a great project when we see one and were keen to help. Fast forward a year and we’ve lent £3,214,000 to date, which a quick wander around the site suggests is money well...
Kuflink helps first-time hotelier complete a fast purchase
Kuflink was recently approached by a client who had just exchanged contracts to purchase a hotel in Wales, however had a shortfall in the deposit. He needed to borrow £210,000 to complete this purchase and to clear circa £120,000 in existing debt against the security, and was working to an extremely tight timescale. Kuflink were able to provide a bridging loan of £210,000 in just 10 days,...
Specialist Valuations? No Problem!
The Key Points Our client was looking to borrow £440,400 This was to assist with the refurbishment and conversion of the security (a former care home) into 4 self-contained assisted living flats The clients run a company specialising in care services with over 24 years’ experience The Context A broker recently approached us with a niche deal from their clients, who needed £440,400 to assist...
Meet the Team: Case Managers
Ever wondered what happens at Kuflink HQ when someone applies for a loan? Clare, Rebecca and Lucy from our Cases Management team explain how they process applications, vet borrowers and instruct valuations in the very first instalment of our ‘Meet the Team’ series! Tell us about your team and the work you do at Kuflink Clare: In short, we package deal files and carry out the due diligence for...
Kuflink Complete Complex Bridge in Just 4 Days
Kuflink have completed an emergency bridging loan in just 4 days, after another lender was unable to meet the requirements of the deal. The borrower, an experienced landlord with a high net worth, required urgent funding in order to repay existing indebtedness against a property in his portfolio. Speed and efficiency were key to this deal as the borrower was extremely close to his re-term date...
Kuflink Saves Property From Receivers
Kuflink was recently approached by a potential borrower in a complicated financial situation, who needed urgent access to funds in order to halt repossession proceedings against his commercial premises. To make matters harder, the client lives abroad and works in various different countries, which had raised concerns for some less open-minded lenders. The fact that the tenant leasing the...
Kuflink Helps Client to Purchase Hotel on Norfolk Coast
The Challenge Our client, who has experience in purchasing and enhancing the value of hotels, required a bridging loan of £385,000 to purchase a 24-room resort hotel in Mundesley, Norwich. The hotel was purchased as a going concern for a consideration of £775,000, however we have provided our facility against the bricks and mortar open market value of £550,000. The Solution Kuflink was able to...
Kuflink helps client to purchase auction property
The Challenge Our client is a London-based professional who wanted to purchase a 3-bed residential property in Northampton for £140,000 at auction. They required a loan of £121,000 in order to complete this deal. The client plans to undertake some light refurbishments for this property, which currently has an open market valuation of £173,000. The Solution Kuflink were able to secure a 1st...
