KSEYE Capital provides 500th loan

KSEYE Capital has completed 500 loans since its launch in 2012.

The bridging lender — which was accredited under CBILS earlier this year — has provided facilities totalling over £340m, two-thirds of which have successfully redeemed.

Some of the deals completed by the specialist lender include a £1.4m bridging loan secured against an office building to support a business overcome its loss of income and a £3m developer exit loan secured against a new-build residential block to assist with the refinance of the property and cover outstanding invoices and development costs.

KSEYE’s 500th loan was to a borrower purchasing a residential BTL property in Pinner, Middlesex, which required light refurbishment works and had also been granted planning permission to significantly increase the footprint of the building. 

The purchase price was approximately £1m, with KSEYE providing funding at 75% LTV.

Jitendra Khagram, founder and director at KSEYE, said: “We’re very proud to have surpassed the 500 loan completions mark, for which we owe thanks to our brokers and funding partners. 

“Due to our strong partnerships, we have been able to grow despite uncertain market conditions and continue to provide our usual high-quality service to our clients.”

Charles Creak, BDM at KSEYE (pictured above), commented: “It’s been great to be a part of the continued growth and development of KSEYE over the past year, and to contribute to notable milestones such as surpassing an active loan book of £100m and now our 500th loan completion.

“Our competitive product offering and the ease of access to key decision makers help us stand out from the crowd, and it’s been encouraging to see brokers increasingly approach us as the first point of contact for their funding requirements.”

KSEYE plans to continue to grow its loan book, providing funding to property investors and developers, including funding for SMEs for the remaining duration of the CBILS.

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