Specialist bridge lender Hilco Real Estate Finance (HREF) has provided a £13 ($16.5) million development exit loan to an experienced developer against 24 apartments in Denmark Hill in the London Borough of Southwark.
“Having supported a number of development exits over the last 12 months, we are continuing to see a high level of enquiries and are always keen to consider good quality schemes that simply need some more time to sell,” Sean Adams, managing director of HREF, said. “The Southwark development is a great example of this type of project. We believe the combination of an experienced developer and well-designed, luxurious apartments in a sought-after location will appeal to prospective occupiers. We would like to thank Daniel O’Neil at SPF Private Clients for the great introduction, and our professional advisers, Oliver Chivers at Montagu Evans, Tom Culverwell at Savills and Jaclyn Tang at Fieldfisher, for their support,” Adams said.
