Hilco Real Estate Finance (HREF) has announced the launch of a new suite of lower priced lending products.
It has also set a fourth quarter lending target of £100m.
Due to the lower interest rate environment and increasingly efficient internal capital, the specialist bridging lender says it 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.
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+.
Sean Adams, HREF’s 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.”
