It also recruits regulated mortgage advisor
New real estate debt advisory firm Karis Capital has bolstered its regulated mortgage services with the acquisition of a regulated financial services business for an undisclosed sum.
The acquisition, completed in March 2024, grants Karis Capital enhanced Financial Conduct Authority (FCA) permissions, enhancing protection and security for both new and existing clients.
The company has also appointed Francesco Amato as a regulated mortgage advisor.
Amato, who brings a significant track record from a regional mortgage brokerage, will focus on serving complex residential borrowers.
Since its launch in 2023, Karis Capital has facilitated over £100 million in loans and expanded its team with several key hires. It specialises in structured commercial deals and aims to further extend its influence and consolidate its standing in the property finance sector.
“The acquisition of this well-established firm is a significant boost to our current growth and is an important step in our long-term ambition to become the UK’s leading real estate debt and insurance advisory firm,” said Demetrios Antoniou (pictured), chairman and co-founder of Karis Capital.
“We are looking forward to working with buyers purchasing a new home that might not be able to secure a standard residential mortgage with the mainstream banks, such as international high-net-worth individuals or those with complex or sporadic income streams.
“This is also a useful tool for our extensive base of developer clients, as we can now handle the residential mortgages for their buyers at the exit stage of a scheme, as well as investor led acquisitions. Overall, it’s a major string to our bow.”
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