Auto/Auto IF-ISA 1%, 2% or 3% Cashback Boost (T&C’s apply)

Don't invest unless you're prepared to lose money. This is high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Kuflink-Complete-Complex-Bridge-in-Just-4-Days

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 and, after being let down by another provider, needed a lender that understood this.

Although bridging loans take an average of 3 to 4 weeks to complete, the Kuflink team drew upon their wealth of experience and slick internal processes to quickly package three loans, totalling £562,500.

CEO Narinder Khattoare commented ‘The security properties, exit strategies and structures of these deals varied and as such, the bridge was a complex one – luckily, we are used to this type of deal and were able to rise to the challenge’.

At the end of the six-month term, the borrower will repay the facilities following the sale of severalproperties, leaving them in a great position to continue growing their portfolio.

In need of fast finance? Get in touch today to see how we could help!

Facebook
Twitter
LinkedIn
Business Moneyfacts
Moneyfacts two time winners
SFI Awards
Commend p2p Provider of the year
PWA-Logo-CMYK
BC-P2P-Award