khk capital

KHK Capital secures additional funding from HTB

KHK Capital has secured an extension to its existing funding facility.

The new finance comes from Hampshire Trust Bank (HTB), which will be added to KHK’s existing £25m funding line from Shawbrook Bank.

The overall facility has been increased to £35m on a committed basis, with availability for a further £12.5m on an uncommitted basis.

It has been extended in response to strong demand from borrowers seeking short-term finance solutions in the residential and commercial property sectors.

Andy Kent, founding partner at KHK Capital, said: "We are encouraged by the strength of demand for our services, which prompted us to seek this extension to our financing facility with Shawbrook and new syndicate member HTB.

"We are proud that the speed, flexibility and property know-how in our business keeps our professional customers coming back to us again and again. 

“We expect that this new funding line will enable us to continue to grow responsibly and serve our customers’ needs.  

"We are lucky to have two excellent funding partners in Shawbrook and HTB, which both understand this market and recognise the potential we are here to serve."

Luke Randell, associate director at Shawbrook’s structured finance team, commented: “Having provided its first institutional line in 2021, we have been impressed with the growth KHK Capital has experienced during this time. 

"Recognising the continued demand for its services, our team moved quickly and welcomed HTB into a syndicated facility to support KHK with an increased funding line that will enable the business to assist more customers.”

Paul Maurici, MD for wholesale finance at HTB, added: “Our aim at HTB Wholesale Finance is to support exciting lending businesses continue on their growth journey, and KHK is a great example of this. 

“The team has built a strong reputation, an excellent customer base and is seeing great traction across the market. 

“We are delighted to have worked with the KHK management team and Shawbrook on this transaction.”

Oliver Abel Smith, partner at Fieldfisher, who led the legal team acting for KHK on the extension of its financing facility, stated: "We are pleased to have assisted KHK on securing this extension to its funding facility to support its further growth.

"Despite a number of economic uncertainties, the performance and strategic decisions of our bridging lender clients indicate that appetite for short-term finance remains high, particularly given moves by traditional lenders to tighten their criteria for providing loans."

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