The Association of Short-Term Lenders (ASTL) proudly announces the recent addition of Hilco Real Estate Finance (HREF) to its esteemed roster of lender members. HREF, a renowned provider of property finance solutions for various real estate sectors and capital structures, offers a range of services including short-term loans for growth, acquisition opportunities, development exits, and refinancing exits, with loan sizes ranging from £1m to £50m or more and loan-to-values (LTVs) of up to 75%.
The inclusion of HREF brings the total number of lender members of the ASTL to 45, with an additional 44 associate members. This growth in membership is indicative of the increasing significance and standing of the bridging and development lending sector, as remarked by ASTL chief executive Vic Jannels, who expressed his pleasure in welcoming HREF to the association.
Vic Jannels stated, “I am delighted to welcome Hilco Real Estate Finance as the latest lender to join the ASTL. Our membership is now at the highest level it has ever been, which is a testament to the increasing importance and reputation of the bridging and development lending sector.”
In response, HREF director Adrian Hogan emphasized the importance of actively participating in the sector as they continue to establish their presence in the short-term mortgage lending market in the UK. Hogan underlined their flexible approach and ability to assess each borrower’s situation on an individual basis, which has resulted in a strong pipeline of lends for the company.
Adrian Hogan added, “As we continue to grow our presence in the short-term mortgage lending market here in the UK, it is vital that we play an active role in the sector. Already, our flexible approach and ability to assess each borrower’s scenario on its individual merits is resulting in a strong pipeline of lends. With the ASTL having established a reputation as a body whose members operate to the highest possible standards, being accepted is a real stamp of approval.”
The partnership between HREF and ASTL serves as a positive development for the short-term lending market in the UK and reaffirms the commitment of both organizations to maintaining the highest standards in the industry.
By becoming a part of the ASTL, HREF is not only expanding its network but also aligning itself with an association that is known for upholding the utmost professional standards in the lending sector. This move can pave the way for potential collaborative efforts and the exchange of industry best practices.
In conclusion, HREF’s membership with the ASTL is a promising step forward for the company and the lending industry as a whole. Through this partnership, both parties are poised to make significant contributions to the ongoing development and improvement of the short-term mortgage lending market in the UK.