HREF launches new medium-term loan product for UK and Ireland
By Tara SammonsHilco Real Estate Finance (HREF) has launched a new medium-term loan product in response to market demand for extended finance facilities.
Section: Products
The new product will be available in both the UK and Ireland, with terms ranging from two to six years, and loan sizes of £10m–150m being actively considered.
Pricing will start at the SONIA rate + 2.95%.
All loans will be secured by real estate collateral at an LTV ratio of up to 75%.
Max Lewis, chief investment officer at HREF (pictured above), said: “This new medium-term product marks a step-change in HREF’s lending capabilities and will service a growing requirement for extended finance facilities.
“As one of the best-capitalised lenders in the sector, the move into loans of up to six years is a natural progression for us, and we look forward to bringing the insight, speed and flexibility that HREF is renowned for to this increasingly vital segment of the real estate lending market.”
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