Kuflink secures £35m institutional debt funding line

The revolving credit facility — secured on a portfolio of bridging and development loans — provides Kuflink with strategic access to institutional capital, scalable growth, funding optionality, and a significant alternative source of debt finance.

The initial £35m is subject to increase was agreed at a flexible three-year commitment, which is renewable annually.

Narinder Khattoare, CEO at Kuflink (pictured above), commented: “The new facility will take us to the next stage in the development of our growth.

“This agreement is the culmination of a lot of hard work, not only from our team but especially at ERC and Paragon Bank and I would like to thank everyone involved for making it happen.”

Tony Gioulis, managing partner at ERC, said: “Against the current macroeconomic backdrop and challenging market conditions, the facility is a testament to Kuflink’s resilience and track record, in conjunction with Paragon’s product skill and asset class expertise.”

Jamie Pickering, director of structured lending at Paragon Bank, added: “We are delighted to further our support for innovative specialist lenders by providing Kuflink with a bespoke, structured solution.

“I look forward to following its successful progress and supporting the growth of other specialist lenders in the years ahead.”