Company seeks to introduce technology to new markets
Bridging lender KSEYE has announced its entry into the US market with the launch of KSEYE US.
It comes at a time when refinancing presents an opportunity for the company, with record numbers seen in the US.
This follows a collaboration between two US-based family offices, alongside the hiring of Wayne Potters to lead the US operations as company’s managing director and head of US operations.
About $50 million has been allocated by each of the family offices to fund the operations of the lender in the US as well as new loans.
Founded in 2012, KSEYE has carved a niche for itself by offering bespoke financing solutions, leveraging proprietary technology for swift and flexible lending services.
The company has since grown to employ nearly 40 professionals and has processed over 800 loans, totalling £700 million. With the lender’s expansion to the US, the lender has reaffirmed its commitment to growth, aiming to introduce to new markets its technology that has been described to be designed with speed in mind.
KSEYE promises that brokers utilising its technology will still benefit from the same “strong service levels” as well as access to an in-house legal team and to diverse funding lines for a broader risk appetite.
“This has and will continue to enable KSEYE to build strong relationships with their brokers who have often called them ‘a brokers best kept secret’,” it noted.
Nikes Khagram (pictured), director at KSEYE, said: “This is a historic moment for KSEYE and the US commercial real estate industry. We are thrilled to bring our innovative and customer-centric approach to the US market, and with the combination of our US-based investors, Wayne’s experience, and our bespoke software offering, we have the resources and expertise needed to fill a void in the US CRE lending market.”
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