The bridging lender is part of The Kuflink Group and said new business had almost doubled during 2017. It was also confident looking ahead into 2018.
Narinder Khattoare (pictured), group operations director at Kuflink Bridging, said most of the firm’s bridging loans were arranged for auction purchases of investment properties and redevelopment and renovation projects.
“We expect to continue to see deals coming from these areas as well as increased requests for funding for purchase of semi-commercial and commercial property.”
He added: “Based as we are in Gravesend, the majority of deals tend to be from London and the South East, although we do lend nationwide.”
The company has appointed Richard Clare and Stuart Boag as senior underwriters and Debbie Paxton and Clare Smith as case managers.
Underwriter Clare has over 25 years of experience in the financial services industry and joins from Amicus Plc. Boag also joins from Amicus Plc and has longstanding financial services experience.
Commenting on the new appointments, he said: “The recruitment of Richard and Stuart to head up our underwriting and packaging unit as well as the arrival of Debbie and Clare to case manage new business, will help us maintain our enviable service record and provides a strong team base for further recruitment and expansion of the services we offer intermediaries.”