Hilco Real Estate Finance (HREF), the specialist bridge lender and subsidiary of Hilco Global, made a significant reduction in its lending rates, in most instances in excess of one percentage point per annum. Depending on collateral, rates may be reduced by considerably greater amounts.
“Our swift growth has brought benefits and economies that we are keen to pass on to our borrowers and intermediaries as we consolidate our foothold in the UK market,” Brad Altberger, CEO of HREF, said. “We’re very excited that our growth is ahead of target and is bringing interest and opportunities to enable us to beat our plan, but cementing our place as a go-to bridge lender in the £5M – £50M space is our near-term goal, and passing on economies and offering lower rates will help with that.”
“The market now better understands our core aims to lend rapidly, with a high degree of certainty on the right calibre of asset, and we’re showing that we can do deals in just two weeks with good collateral and track record,” Max Lewis, chief investment officer at HREF, said.
