Kuflink Completes Bridge in 4 Days and Funds on P2P Platform in Less Than 4 Hours
27 September 2018
Following the launch of their 5-day bridge product, Kuflink have successfully completed a £171,500 loan for a new borrower in just 4 days. The loan was then fully funded by investors on their peer-to-peer platform in under 4 hours.
The borrower needed quick access to funds to complete the purchase of an investment property in Croydon, which adds to his current portfolio of circa £2.5 million. The loan is secured by way of first legal charge over an unencumbered property within that portfolio and will be repaid following refinance onto a buy-to-let mortgage.
This case demonstrates Kuflink’s new ‘quick bridge’ product in action – the team draw upon their streamlined internal processes and bespoke, flexible approach to lending to produce fast, effective results for clients with no time to wait.
Kuflink CEO Narinder Khattoare commented, ‘Once again we are proving that borrowers are turning their back on the high street banks and coming to Kuflink for our speed and unrivalled service. The team worked hard to achieve this result in a matter of days, and the fact that our P2P community funded this deal in a matter of hours shows just how well we understand our borrowers and investors’.
