"It was fantastic to be able to complete this transaction so quickly, which will allow the borrower to enhance their wider business interests"
- Sean Adams - HREF
Specialist bridge lender Hilco Real Estate Finance has provided an £8.3m facility secured against a detached mansion home, located in the exclusive St George’s Hill gated community in Weybridge, Surrey.
The transaction is another success for the firm in the high-end residential space and for a property located in or close to a golf resort.
Despite being a foreign national who owns the asset through a complicated legal structure, HREF was able to quickly and efficiently manage the transaction due to the strength of its internal processes and its experience working with complex corporate structures.
The St George’s Hill and Wentworth estates are markets that Hilco has particular expertise in, due to their understanding of this specialist market, and this is further strengthened by their ability to work with colleagues in Hilco Real Estate’s golf sector advisory team.
Sean Adams, managing director of HREF, comments: “This deal really emphasises the key benefits of using Hilco Real Estate Finance, demonstrating our core strengths of speed, flexibility and deliverability. It was fantastic to be able to complete this transaction so quickly, which will allow the borrower to enhance their wider business interests.”
Max Lewis, chief investment officer, HREF, adds: “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.”
