Hilco Real Estate Finance has completed its first loan in the Republic of Ireland, securing a £3.1m facility against 14 residential properties. The loan, provided to a well-established investor and property entrepreneur, allows the borrower to sell part of their private rental portfolio over a 24-month term while refinancing the remaining properties onto longer-term facilities.
Sean Adams, managing director of HREF, said: “This fits really well with our aim of offering high quality lending to high quality borrowers in the residential portfolio space. We’re confident we will be able to provide a number of further facilities across the borrower’s wider portfolio in future.”
The transaction was introduced by Colin Cowap of We Raise Any Finance, who commented: “We are really pleased to have been able to introduce Hilco’s first transaction in Ireland, and see a bright future for them in the market. Their ability to approve their own deals without any other parties involved makes them a really dependable option for our clients, and we are already identifying further lending opportunities that we intend to work on together in the months ahead.”
Valuations for the transaction were conducted by CBRE, with legal due diligence provided by Philip Lee LLP in Dublin and Trowers & Hamlins in London.
HREF, launched in 2023, specialises in tailored and flexible property finance across real estate sectors and capital structures. The lender offers short-term bridging loans for growth, acquisition opportunities, development exits, and refinancing exits, with loan sizes ranging from £3m to over £100m.
Since its launch, HREF has become one of the UK’s most active specialist bridging lenders. It is continuing its expansion into the Irish market and plans to grow its loan book significantly in 2025.
The company operates offices throughout the UK and is a subsidiary of Hilco Global, a multinational financial services group with more than $5bn in assets under management.
