KARIS CAPITAL CLOSE OVER £600 MILLION WORTH OF DEALS IN DEBUT YEAR WITH AMBITIOUS GROWTH PLANS REALISED

Karis Capital just celebrated our one-year anniversary at an exclusive event in the stunning surrounds of the iconic Grand Ballroom of The Langham London, where Co-Founder and CEO Nicholas Christofi revealed the firm’s achievements and ambitious expansion plans following a successful debut year.

Headline figures from Karis’ first year of operation include:

• Close to 1,000 completed debt and insurance cases
• Total loan origination of over £600 million
• Largest loan brokered: £25.25 million (which primed a £500 million PBSA development delivering 183 student apartments in Leeds)
• Smallest loan brokered: £50,000 (for a second charge bridge loan)
• Karis Insurance secured over £250,000,000 in reinstatement value.
• Karis Capital team grown by 60% from 18 full-time employees at inception to 29 current staff
• 3 full-time brokers recruited through Karis Capital’s Academy Programme, with a further four expected to qualify in 2025
• 5 new team members recruited at Karis Insurance with a further 10 hires expected in 2025

Nicholas Christofi said: “When we set up the business it was perhaps one of the most challenging times economically, so we were aware of the difficulties that we faced but we knew that with what we had to offer the marketplace, combined with hard work, we would be a success. Our goal is, and always will be, to redefine the way developers and investors approach financing. From the outset we have wanted to build enduring partnerships with our clients and we are just incredibly grateful to all of those that trusted our vision and supported us in the past 12 months. Our objective moving into year two is to double our revenue, continue to expand our team and constantly work to source the best finance for our clients to have the freedom to do what they do best.”

Karis Capital has overseen over £600 million worth of loans for a mixture of clients across the real estate sector. Operating across the full finance requirement spectrum Karis’ largest loan amount totalled £25.25 million, which primed a £500 million, 183-unit, PBSA scheme in central Leeds. The lowest amount brokered totalled £50,000 for a second charge bridge.

Nicholas added: “We don’t discriminate on size or cherry pick deals, we are relationship led and will assist clients with all funding challenges no matter complexity or size. We also specialise in a range of development classes, with substantial completions in the PBSA and Care spaces as well as many large portfolio refinances and countless bridging loans and funding of refurbishment works in the HMO space. We are an ally of the SME developer and continue to work hard in this space to secure optimal bespoke finance packages, to ensure deals stack up and are workable for the developer in what has been a very tricky market.”

Karis Capital’s insurance arm has also recorded strong results in its first 6 months of operation, with over £250,000,000  in building reinstatement value secured to date. Specialising in Latent Defects cover (10-year new-build guarantee) and professional indemnity insurance, the insurance department has worked seamlessly in tandem with the larger Debt Advisory arm of Karis Capital by swiftly securing transactions for multiple long-term clients, whilst also building up its own client base and pipeline.

Internally, Karis Capital has gone from strength to strength, with an ever-growing workforce of talented individuals, which has increased by 60% in the past 12 months, to meet the needs of the business. Providing additional space for the burgeoning team, and in anticipation of further growth, Karis Capital has secured a new 3,000 sq. ft. HQ premises close to its current office in the heart of the City of London. We would like to take this opportunity to extend a heartfelt thank you to our clients and partners who have supported us in our first year and to those who took the time to celebrate at our ‘Karis: A Year to Remember’ event.

You can enjoy pictures from the night here: https://flic.kr/s/aHBqjBTJEU.