KSEYE Capital

KSEYE Capital provides its largest loan to date

KSEYE Capital has completed a £11.25m development exit bridging loan, its largest-ever facility.

The loan was secured against a recently completed mixed-use development in south west London, with a market value of approximately £16m.

Due to delays in the property sale process caused by Covid-19, the borrower required funds to be deployed quickly to refinance existing loans that had reached maturity.

The 12-month deal was arranged at 70% LTV with a 0.68% rate.

Nikes Khagram, founder and director of KSEYE, said: “Completing our largest loan was a great way to kick off Q2 2021, and we’ve kept the momentum going with total completions of £22m in the first half of April.

“The completion also coincides with the recent increase in our maximum loan size to £25m.

“We’re very pleased to be able to expand our offering of bespoke, flexible solutions, while maintaining the efficient turnaround times that our borrowers and brokers have become accustomed to at all levels of lending.”

Emmanuel Jatto, BDM at KSEYE, commented: “It’s been fantastic to see KSEYE go from strength to strength in recent months, despite all the complexities associated with Covid-19. 

“Transparency and proactive communication with brokers and borrowers have been the most important factors in cementing relationships and achieving strong origination performance, helping us reach many milestones over the last 12 months.”

In March, KSEYE completed its 500th loan since its launch in 2012, for a residential BTL property in Pinner, Middlesex.

The lender also surpassed the £100m active loan book milestone in August 2020.

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