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Kuber Secures $40 Million Credit Facility From Schedule I Bank

Oct 26, 2021•over 3 years ago

Amount Raised

$40 Million

Toronto

Description

Kuber Mortgage Investment Corporation ("Kuber" or the "Company") is pleased to announce that it has secured a $40 million revolving credit facility (the "Credit Facility") from a top 5 Canadian Schedule 1 bank (the "Bank").

Company Information

Company

Kuber Mortgage Investment Corporation

Location

Toronto, Ontario, Canada

About

Kuber, founded in 2016, is a non-bank lender that provides highly personalized short-term mortgage loans to credit-worthy borrowers whose financial needs cannot be met by the conventional lending restrictions of banking institutions. Kuber offers investors who wish to take part in mortgage investments, but who may lack the expertise, time, energy, or investment capital required to invest, a unique opportunity to invest in a diversified pool of mortgages, concentrated mainly in the Greater Toronto Area. Kuber currently has over $70 million in mortgage assets under management. Additional information on the Company is available at www.kubermic.com

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