
Glenhawk completes £1.12m hotel refurbishment loanÂ
Glenhawk's loan was to an experienced developer, and the property was purchased below market value (BMV).

Glenhawk's loan was to an experienced developer, and the property was purchased below market value (BMV).

The 12-month, serviced loan, at 75% loan-to-value (LTV) against the investment value of the properties, was priced at a rate of 0.88% per month.

Ryan Brewer said: “Completing this deal was no easy feat; it had a number of moving parts and issues raised late in the transaction."

Glenhawk has completed a £2.85m development exit loan secured against a completed residential property in North Yorkshire.

Glenhawk has completed a £3.1m residential marketing loan through its Structured Real Estate division to refinance three Essex properties while they are marketed for sale.

Glenhawk is offering brokers an additional 0.25% commission on qualifying completed cases as part of a World Cup-themed incentive campaign running throughout the tournament.

The reductions apply to both regulated and unregulated bridging loans, including refurbishment finance.

Hilton, who co-founded the lender alongside chief executive Guy Harrington in 2018, noted the business had achieved its core objective of becoming one of the key players in the sector.

The transaction was introduced by Portway Finance and structured at 75% loan-to-purchase-price, enabling the borrowers to move quickly after a previous transaction fell through.

Glenhawk has appointed Rhys Evans as business development manager as the specialist bridging lender continues to expand its sales team and regional broker coverage.

Knight will lead the sales, marketing and product teams, taking responsibility for the company’s commercial strategy.Â

Glenhawk has widened its AVM criteria and increased lending limits following the extension and upsizing of an existing £200m warehouse facility.
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