Last month, Hilco Real Estate Finance (HREF) provided an urgent £1.5m bridge loan to a national care home operator.
The borrower was a repeat customer who had borrowed from Hilco the previous year and this loan was against another asset in the borrower’s portfolio.
The customer had an extremely urgent need for funds due to an unforeseen expense.
Hilco completed the £1.5m loan within two weeks, taking security over an unencumbered 65-bed care home in Cambridgeshire.
Adrian Hogan, director at HREF, said: “We always look to build long-term relationships with our borrowers.
“This particular borrower has funding from multiple specialist lenders.
“It’s extremely gratifying that they chose Hilco when faced with this urgent cash requirement, knowing that they could rely on our speed, flexibility and, crucially, our certainty of completion.”
