Kroo Partners with Glenhawk for Property Lending
UK-based digital bank Kroo has taken a significant step by acquiring a loan portfolio and forming a funding agreement with Glenhawk, a specialist lender focused on bridging loans. This collaboration aims to enhance lending options in the UK property market.
As part of the deal, Kroo will purchase existing loans from Glenhawk and will also provide funding for new bridge loans in the future. This agreement marks the beginning of a long-lasting partnership between the two companies.
Kroo’s move aligns with its strategy to collaborate with established lenders in areas of the market that often lack sufficient funding, such as the property sector.
Veronika Lovett, CEO of Kroo Bank, stated, “This partnership illustrates our commitment to diversifying into underserved markets. Glenhawk has a strong reputation in property finance, and we are excited to assist them in their growth with reliable, long-term funding. As we expand our services, collaborations like this enable us to invest in sectors where experienced lenders are achieving great results for borrowers across the UK.”
