Property bridging and development lender, KHK Capital, has secured a £25 million funding line from UK savings and lending specialist, Shawbrook Bank.
The new financing line enables KHK Capital to meet rapidly growing demand from new and repeat customers for lending solutions on a diverse range of residential and commercial property.
"KHK Capital has been a 'family office' working mostly with private funds for a number of years," said Andy Kent, founding partner of KHK Capital.
"We are very pleased to have secured this financing through Shawbrook Bank at a time when we are experiencing growing demand from our customers for funding on a variety of property projects, including residential conversion schemes, PD conversion schemes, ground-up builds and straight bridge loans.
“Shawbrook is the ideal lender for KHK - they are responsive, easy to work with and understand our business; they give us the freedom we need to implement our own policies and respond rapidly and flexibly to our customers.”
Typically, KHK Capital funds projects to refurbish residential properties and split into multiple units; Permitted Development (PD) schemes to convert commercial property to residential; ground-up housing projects; and simple bridge loans.
"We fund purchases, auction purchases and any type of refinance," said Mr Kent. "KHK is a small and responsive team, directly controlled by the business owners and many of our repeat-customers like that we are responsive, flexible and easy to work with.”
"We are seeing increasing demand from new and existing clients that respond to the way we operate and this new tranche of funding means we will be able to add significant value to our existing loan book."
Commenting on behalf of Shawbrook Bank, Jake Francis said; “We are very pleased to be providing KHK Capital with funding through this period of exciting growth. The business has a solid reputation with existing customers, which is fundamental at this time, and we are delighted to support the management team with the growing demand it faces in a sector we know well.”
European law firm Fieldfisher acted for KHK Capital. Fieldfisher Partner, Oliver Abel Smith, said the financing demonstrated that there remains a strong appetite for lenders funding in the property sector despite the effects of the covid-19 pandemic. "The financing demonstrates that firms like KHK are funding for future growth, which is a strong signal that the property sector remains attractive to lenders."
ENDS
For enquiries related to the above release, please contact:
Andy Kent, KHK Capital
andy@khkcapital.co.uk
For further information on KHK Capital - https://www.khkcapital.co.uk/
For further information on Shawbrook Bank - https://www.shawbrook.co.uk/
For further information on Fieldfisher - https://www.fieldfisher.com/en
"KHK Capital has been a 'family office' working mostly with private funds for a number of years," said Andy Kent, founding partner of KHK Capital.
"We are very pleased to have secured this financing through Shawbrook Bank at a time when we are experiencing growing demand from our customers for funding on a variety of property projects, including residential conversion schemes, PD conversion schemes, ground-up builds and straight bridge loans.
“Shawbrook is the ideal lender for KHK - they are responsive, easy to work with and understand our business; they give us the freedom we need to implement our own policies and respond rapidly and flexibly to our customers.”
Typically, KHK Capital funds projects to refurbish residential properties and split into multiple units; Permitted Development (PD) schemes to convert commercial property to residential; ground-up housing projects; and simple bridge loans.
"We fund purchases, auction purchases and any type of refinance," said Mr Kent. "KHK is a small and responsive team, directly controlled by the business owners and many of our repeat-customers like that we are responsive, flexible and easy to work with.”
"We are seeing increasing demand from new and existing clients that respond to the way we operate and this new tranche of funding means we will be able to add significant value to our existing loan book."
Commenting on behalf of Shawbrook Bank, Jake Francis said; “We are very pleased to be providing KHK Capital with funding through this period of exciting growth. The business has a solid reputation with existing customers, which is fundamental at this time, and we are delighted to support the management team with the growing demand it faces in a sector we know well.”
European law firm Fieldfisher acted for KHK Capital. Fieldfisher Partner, Oliver Abel Smith, said the financing demonstrated that there remains a strong appetite for lenders funding in the property sector despite the effects of the covid-19 pandemic. "The financing demonstrates that firms like KHK are funding for future growth, which is a strong signal that the property sector remains attractive to lenders."
ENDS
For enquiries related to the above release, please contact:
Andy Kent, KHK Capital
andy@khkcapital.co.uk
For further information on KHK Capital - https://www.khkcapital.co.uk/
For further information on Shawbrook Bank - https://www.shawbrook.co.uk/
For further information on Fieldfisher - https://www.fieldfisher.com/en