Specialist bridge lender Hilco Real Estate Finance (HREF) provided an £8.3 ($10.7) million facility secured against a detached mansion home, located in the exclusive St George’s Hill gated community in Weybridge, Surrey._x000D_
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The borrower required additional cash resources to invest in other parts of his business portfolio. Despite being a foreign national who owns the asset through a complicated legal structure, HREF was able to quickly and efficiently manage the transaction._x000D_
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“This deal really emphasises the key benefits of using Hilco Real Estate Finance, demonstrating our core strengths of speed, flexibility and deliverability,” Sean Adams, managing director of HREF, said. “It was fantastic to be able to complete this transaction so quickly, which will allow the borrower to enhance their wider business interests.”_x000D_
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“HREF has significant capital to deploy in the UK bridging market, and this transaction further demonstrates our ability to ‘think outside the box’ in order to complete transactions in esoteric markets and to borrowers with complicated holding structures,” Max Lewis, chief investment officer of HREF, said._x000D_
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Other advisers to HREF included Knight Frank, which provided a valuation, and Gunner Cooke, which managed the legal work. The broker was Toby Johncox of Enness Global.
Forward for Specialty Finance
