Silo Financial Corp. partners with KPO Ventures

According to Silo Financial Corp., a direct private lender, the firm has entered into a strategic alliance in which KPO Ventures has committed $100 million in strategic real estate capital. This infusion of capital makes the resources of Silo much more formidable in the direct private lending or "hard money" industry and expands Silo's capacity to directly acquire non-performing loans and offer strategic equity products. New York City-based KPO Ventures is a mid-market private equity fund founded by former partners at multi-billion-dollar hedge funds. Seeing unique opportunity in the current real estate market, KPO has strategically partnered with Silo Financial, an established specialty finance company. Silo has earned an exceptional reputation for consistently finding and closing deals, even in the turbulent current market that has seen lending-and closed deals-grind to a virtual halt. "We've worked together before (Silo and KPO Ventures) and immediately developed a mutual respect," notes Jonathan Daniel, president of Silo Financial. He said, "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." Headquartered in Stamford, Conn., Silo Financial is a direct mortgage lender that provides solutions to meet financial needs not typically accommodated by most banks and traditional lenders. Silo specializes in providing short-term bridge loans secured by most types of commercial and investment property, focusing on loans from $750,000 to $20 million, including special situation, time-critical and difficult financing. The firm has developed an exceptional reputation for structuring and funding complex loan transactions in a timely and efficient manner. Additionally, Silo is actively seeking to help existing equity partners restructure and/or acquire non-performing loans.