Karis Capital marks £600 million first-year success

A real estate debt and insurance advisory is celebrating a milestone first year, having achieved significant deals and expansion.

London-based Karis Capital has closed over £600 million in real estate loans for a wide range of clients across the real estate sector in its debut year, including a £25.25 million loan for a £500 million, 183-unit, PBSA scheme in Leeds, the largest loan the firm has brokered to date.

The firm’s insurance division, which specialises in latent defects cover (10-year new-build guarantee) and professional indemnity insurance, has also performed strongly, securing £250 million in building reinstatement value within six months.

Nicholas Christofi, co-founder and chief executive officer, 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.”

“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.”

With its workforce growing from 18 to 29, Karis Capital has secured a new 3,000sq ft headquarters in central London to support further expansion and its thriving team.

Nicholas added: “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.”

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