Specialist bridging lender Hilco Real Estate Finance (HREF) has launched a suite of lower priced lending products and revealed a Q4 lending target of £100m.
Due to the lower interest rate environment and increasingly efficient internal capital, HREF will provide bridging loans starting from 0.79% per month, and expects to increase market share in the final three months of 2024.
The lender launched in 2023 to provide property finance solutions nationwide across various real estate sectors and capital structures, offering short-term loans for growth, acquisition opportunities, development exits and refinancing exits with loan sizes ranging from £3m to £100m-plus.
Since launch, HREF’s lending has included: a £23m facility secured against a roadside infrastructure site; an £8.3m facility secured against a Surrey mansion; and a £10m bridge loan against two care homes.
The lender also provided a £13m exit loan secured against 24 London apartments and has provided growth and restructuring finance for a family business with a real estate value of £3.5m.
Sean Adams (pictured, left), managing director at Hilco, said, “As we head into what we believe will be a very busy autumn in bridging, we wanted to offer our introducing brokers the most competitive rates and terms designed to win business and meet the specific needs of their clients.
“Coupled with our speed, flexibility and most importantly reliability we are well positioned to grow market share.”
Headquartered in London, HREF is a fully integrated subsidiary of Hilco Global (Hilco), a multi-national financial services group with almost $5bn of assets under management.
