Hilco Real Estate Finance (HREF) has provided an urgent £1.5m bridge loan to a national care home operator.
The borrower was a repeat customer which had borrowed from Hilco the previous year and the loan was against another asset in the borrower’s portfolio.
HREF provides 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.
The firm revealed that it completed the £1.5m loan within two weeks, taking security over an unencumbered 65-bed care home in Cambridgeshire which was in the process of a turnaround plan.
Director at HREF, Adrian Hogan, commented: “We always look to build long-term relationships with our borrowers. This particular borrower has funding from multiple specialist lenders.
“It’s extremely gratifying that they chose Hilco when faced with this urgent cash requirement, knowing that they could rely on our speed, flexibility and, crucially, our certainty of completion.”
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