Deal News: KCS Brokers Significant Bridging Loan Deal

Posted On: 05 Mar 2020

Knox Capital Solutions (KCS) is delighted to announce news of their significant involvement in the brokering of a large bridging finance deal.

The deal, which was to re-bridge an expiring bridging loan, needed to be completed within a very limited timeframe.  Additional complexities included completing the deal during the Christmas period, along with the client’s specific loan requirements.  The transaction had been presented to a number of other brokers – all of whom were unable to assist prior to the client approaching the KCS team.

KCS work with a wide panel of lenders, including Private Equity Investment firms and Challenger Banks, thus enabling them to offer clients a wide range of funding options.  The lending for this deal was secured with Cynergy Bank (formerly Bank of Cyprus UK), a specialist bank that serves the needs of business owners, property entrepreneurs and family businesses.

Speaking about the announcement, Managing Director, Ed Ogden, said: “I am particularly delighted that we were able to assist this client with such a complex and challenging deal. Our Commercial Finance Manager, Ram Kakar, was responsible for brokering the deal. Its success is a testament to his tenacity and expertise, coupled with that of our valued network of lenders and legal professionals who all came together over the festive period to get this one over the line for the client.”

Cynergy Bank’s Director of Commercial Banking and Bridging Finance, Mark Dearman, commented: “We were delighted to work with Ram and the Knox Capital Solutions team on this finance deal. It was a significant one for us, coming within six months of launching our new bridging loan product. This highlights our strength in a very saturated market by demonstrating that we can compete with the more established lenders to win business.  It also attests to the fact that our client-focused approach is working when it comes to understanding the specific and individual needs of our customers.  This focus is something that closely aligns us with the KCS team, and we hope to work with them again in the very near future.”

Knox Capital Solution’s Commercial Finance Manager, Ram Kakar, added: “As a result of this deal, we have established an ongoing relationship with this client, and we’re now in the process of assisting them with their development finance needs.”

Knox Capital Solutions are an independent credit brokerage firm offering a wide range of funding services for private, corporate and commercial clients.

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