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KPO Ventures commits USD100m to Silo Financial

Silo Financial, a direct private lender, has announce a strategic alliance in which KPO Ventures has committed USD100,000,000 in strategic real estate capital.

Silo Financial, a direct private lender, has announce a strategic alliance in which KPO Ventures has committed USD100,000,000 in strategic real estate capital.

New York City-based KPO Ventures is a mid-market private equity fund founded by former partners at multi-billion-dollar hedge funds.

"We’ve worked together before and immediately developed a mutual respect," says Jonathan Daniel, president of Silo Financial. "Both firms employ a straightforward ‘no-nonsense’ approach based on expeditious decisions and delivering what we’ve promised. There’s very little going on right now – deals aren’t happening because lenders aren’t lending. But like KPO, we see tremendous opportunity, especially in the current market.

‘Our style of lending involves a lot more listening to special circumstances, rather than just evaluating numbers and scores and immediately rejecting a deal. With the backing of KPO, in conjunction with our internal Mortgage Opportunity Fund and existing capital platform, we plan to take full advantage of the current opportunities by funding even more of the deals other lenders continue to pass up."

Silo Financial is a direct mortgage lender that provides solutions to meet financial needs not typically accommodated by most banks and traditional lenders. Silo specialises in providing short-term bridge loans secured by most types of commercial and investment property, focusing on loans from USD750,000 to USD20,000,000, including special situation, time-critical and difficult financing.

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