Kameo Revolutionizes Real Estate Financing with Speed and Flexibility
Kameo transforms real estate financing in Scandinavia with rapid loan solutions.
- • Kameo has facilitated over 8 billion kronor in loans since 2016.
- • Loans start at 10 million kronor, much lower than banks' thresholds.
- • Approval takes just 1-2 weeks compared to months at banks.
- • Credit loss rate stands at an impressive 0.1%.
Key details
Kameo, a leading provider of real estate financing in Scandinavia, is redefining the lending landscape by offering rapid and flexible loan solutions for property developers. Since its launch in 2016, the company has facilitated loans exceeding 8 billion kronor, as reported by General Manager Fredrik Källgren.
One of Kameo's significant advantages is its lowered project financing threshold, approving loans starting from just 10 million kronor, whereas traditional banks typically require a minimum of around 300 million kronor. This accessibility enables smaller projects to secure funding more readily, thereby stimulating the real estate sector.
The financing process at Kameo is notably efficient, with approvals completed in a mere 1-2 weeks—dramatically shorter than the 6-12 months often needed by banks. Additionally, Kameo can support housing projects that do not have pre-sold units, allowing developers to initiate projects quicker and potentially achieve higher returns upon completion. The company's innovative model is backed by a credit fund and partnerships with institutional investors, including a substantial international pension fund.
Kameo has successfully issued over 1,500 loans and boasts a minimal credit loss rate of only 0.1%, reflecting its robust financial health. Looking ahead, the company aims to lend another 2 billion kronor this year, further expanding its impact in the real estate market across Scandinavia.