Peer to peer lending platform Kuflink has launched a secondary market to provide liquidity for investors in their property backed loans. Kuflink said this was the first of several new enhancements planned for 2019.
The platform said that lenders can list most loan parts on the market, although some restrictions apply: loans in default or less than a month from their redemption date are not eligible. Additionally, loan parts must be sold for par value.
Kuflink will charge a 0.25% administration fee to the seller with no fee assessed upon buyers.
Narinder Khattoare, CEO, commented that the team at Kuflink were “delighted” to have launched their secondary market, “the first in a long line of impressive products” they are planning for the year.
“This new marketplace has been built completely in-house by our talented team, to match exactly what our investors told us they’d like to see – it’s all part of our mission to be a sustainable, dynamic and effective way for people to make the most of their money.”
The UK based P2P lender has originated £37 million in property loans since inception. Kuflink reports no losses to date.
