FundingKnight collaborate with Alternative Bridging Corporation
Peer-to-business lender FundingKnight has announced new parternship with Alternative Bridging Corporation on short-term and second charge loans.
The partnership focuses on loans ranging from £100,000 to £500,000.
FundingKnight will put up its platform and network while Alternative Bridging will use its loan management expertise. The maximum LTV is 70% on terms between three months to two years. Interest will vary, depending in part of the online bidding process at FundingKnight.
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.”
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.”
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