"Thanks to the growing investment through our platform, our ability to fund more short term loans has never been better."
Bridging lender, Kuflink, has announced that its P2P platform has just passed the £200 million mark as new investment levels 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 £100 million in investment in January 2021, but just over another year to pass £200 million.
In that time not one investor has lost money on any of the bridging deals made by Kuflink into which investor funds were placed. On top of that, investors have received £118 million in returned capital and interest.
Chief executive, Narinder Khattoare, said: “Reaching £200 million 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.
“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.”