Mark Adair

Property bridging and development lender extends funding facility to up to £47.5m

The additional finance for the property bridging and development lender increases KHK’s facility and introduces new participation from Hampshire Trust Bank PLC, alongside existing lender Shawbrook Bank

The London-based Property bridging and development lender KHK Capital has secured an extension of up to £22.5m to its existing £25m funding line from UK savings and lending specialist, Shawbrook Bank.

The amendment to the facility, which was signed on 29 April, brings in Hampshire Trust Bank PLC (HTB) as a new syndicate member alongside Shawbrook. The facility has been increased to £35m on a committed basis, with availability for a further £12.5m on an uncommitted basis.

KHK Capital has extended the facility in response to strong demand from borrowers seeking short-term finance solutions in the residential and commercial property sectors.

Andy Kent, founding partner of KHK Capital, said, “we are encouraged by the strength of demand for our services, which prompted us to seek this extension to our financing facility with Shawbrook and new syndicate member, Hampshire Trust Bank.”

Luke Randell, Associate Director at Shawbrook’s Structured Finance Team said, “having provided their first institutional line in 2021, we have been impressed with the growth KHK Capital has experienced during this time.

“Recognising the continued demand for their services, our team moved quickly and welcomed Hampshire Trust Bank into a syndicated facility to support KHK with an increased funding line that will enable the business to assist more customers.”

Oliver Abel Smith, partner at Fieldfisher, who led the legal team acting for KHK Capital on the extension of its financing facility said, “we are pleased to have assisted KHK Capital on securing this extension to its funding facility to support its further growth.

“Despite a number of economic uncertainties, the performance and strategic decisions of our bridging lender clients indicate that appetite for short-term finance remains high, particularly given moves by traditional lenders to tighten their criteria for providing loans.”

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