Bridging lender Kuflink has announced that its P2P platform has just passed the £200m mark as its levels of investment continue to accelerate.
The lender, which launched its P2P platform in 2016 as the principal funding source for its bridging and development finance, took nearly five years to reach its first £100m in investment in January 2021, but just over another year to pass £200m.
Kuflink revealed that no investors have lost money on any of the bridging deals it has made, with investors receiving £118m in returned capital and interest.
Commenting on the milestone, the bring lender’s chief executive, Narinder Khattoare, said:
“Reaching £200m of inward investment on our platform is a great achievement by the whole team. Kuflink is a rarity among bridging lenders in that we have built a successful lending business without institutional investment.
“Since 2016, we have been self-funding thanks to our P2P platform and the private investors who have put their trust in our ability to invest their money into worthwhile bridging and development deals. Our record among bridging introducers and investors alike is now well proven thanks to our knowledge, lending experience and understanding of the property market.”
Khattoare added: “I am particularly delighted to be able to say to advisers with customers looking for bridging or development finance that, thanks to the growing investment through our platform, our ability to fund more short term loans has never been better.”
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