Kuber Announces Additional Partner & Increase of Credit Facility to $160 Million

TORONTO, Dec. 31, 2024 /CNW/ - Kuber Mortgage Investment Corporation ("Kuber" or the "Company") is pleased to announce an increase to its revolving credit facility (the "Credit Facility") from $100 million to $160 million with continued support by two of Canada's largest banks and the addition of one of the largest US banks as a syndicate partner, effective December 23, 2024.

We are excited to add another strong syndicate partner to our family. With the addition of one of the largest US banks as a syndicate partner and with this fourth consecutive increase to Kuber's credit facility, we are poised to continue our trajectory of further strengthening our position in the market as a leading alternative lender. "This unequivocally fortifies our liquidity position and accelerates our future growth strategy," said Mr. Sutha Kunam, President & CEO of Kuber Mortgage Investment Corporation.

About Kuber Mortgage Investment Corporation

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 due to the conventional lending restrictions of banking institutions. Kuber offers investors who wish to participate 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 sustainable mortgages, concentrated mainly in the Greater Toronto Area. To date, Kuber has funded approximately $700 million in mortgages.

Additional information on the Company is available at www.kubermic.com 

Forward Looking Statements

Although forward looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

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SOURCE Kuber Mortgage Investment Corporation