The borrower required additional cash resources to invest in other parts of his business portfolio.
The foreign national client owned the asset through a complicated legal asset, despite this HREF was able to manage the transaction.
Brokering the deal was Toby Johncox at Enness Global, while Knight Frank provided a valuation; and Gunner Cooke managed the legal work.
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Sean Adams, managing director at HREF, commented: “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.”
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