Hilco launch reduces lending rates and targets £100m in Q4 lending

Hilco Real Estate Finance (HREF), the UK based specialist bridging lender has announced the launch of a new suite of lower priced lending products and a Q4 lending target of £100m. Due to the lower interest rate environment and increasingly efficient internal capital, HREF is now able to provide bridging loans starting from 0.79% per month, and expects to significantly increase market share in the last three months of 2024.

Sean Adams, managing director, 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.”

The lender launched in 2023 to provide bespoke, flexible 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+.

Since launch, HREF’s lending has included a £23m facility secured against a major roadside infrastructure site; an £8.3m facility secured against Surrey mansion home; and a £10m bridge loan against two care homes. The lender has 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.

Headquartered in London, HREF comprises a team of highly experienced finance professionals based across the UK. It is a fully integrated subsidiary of Hilco Global (Hilco), the multi-national financial services group with almost $5bn of assets under management. HREF builds on Hilco’s long established credentials as a lender, valuer and asset manager.