Alpha Bridging has changed its name to Kuflink Bridging and launched a peer-to-peer platform.
Kuflink Bridging, which will operate exclusively in the intermediary sector, will be now able to offer a “broader lending proposition” as a result of new funding from investors who have the option of spreading their risk via pool funded investment or to fund specific deals.
Narinder Khattoare, sales director at Kuflink, said the lender will guarantee to fund the first 20% of any deal.
He said: “Kuflink Bridging wants investors to have total faith in its peer-to-peer platform and the most effective way to do that is by investing in the first 20% of every deal we approve.
“Investors can then have the confidence that not only are we backing our own judgement, but there is a proper buffer in place in the rare cases where a loan does not perform.”