The pair will utilise Alternative Bridging’s knowledge of property finance and FundingKnight’s funding structure.
FundingKnight will identify loan opportunities through its network of introducers, arranging online funding by auction-based crowdlending from its investor community, while Alternative Bridging will manage the loans from drawdown to repayment.
Graeme Marshall, managing director of FundingKnight, said “This is a wonderful opportunity to offer our introducers a wider product range and for our lenders to enter the secured loan market benefitting from tested, experienced management from day one.”
Loans will be available secured on retail, industrial, commercial and residential property for up to 70% of valuation from three months to two years and can be repaid at any time without penalty.
Brian Rubins, managing director of Alternative Bridging, said: “Graeme has been known to us for some years and we look forward to extending this relationship to the FundingKnight network of introducers and lenders.
“We are both convinced this wider product range will benefit both companies and the business community at the same time.”
Alongside its new secured loan product, FundingKnight offers business loans of up to £250,000 to British businesses, while Alternative Bridging provides short-term loans secured on commercial, industrial and residential property to the property industry, business community and homeowners.
