Bridging loan provider KSEYE has reached the milestone of 1,000 deals with the provision of a £468,000 development exit loan.
The case was introduced by Helix Structured Finance. The client had recently completed development of a three-bedroom house in Reigate, but needed more time to market and sell the properties.
The loan was offered at 0.99% at 75% LTV and was completed over a week ahead of the strict deadline that the client had to redeem their development loan.
Nikes Khagram (pictured), director and co-founder of KSEYE, said: “The 1,000th completion landmark is a notable one to pass, and the team we have assembled at KSEYE has experience working quickly with brokers, however complex a deal is, leading to many satisfied property investors.
“With our diverse bridging product range and more exciting developments in the pipeline, we are already working towards the next 1,000!”
Adam Stiles of Helix Structured Finance added: “This deal marks our first with the KSEYE team, and it was notable how they took a commercial view on matters throughout. Learning it was their 1,000th completion isn’t a surprise, as their experience was clear from the outset to completion.
“I’m extremely pleased with how this first bridge with KSEYE has gone – it will be the first of many.”
