Specialist real estate lender Hilco Real Estate Finance has become a member of the Association of Short Term Lenders (ASTL).
Hilco Real Estate Finance offers bespoke, flexible property finance solutions for real estate through short-term loans, acquisition as well as development and refinancing exits.
Its loan sizes range from £1m to over £50m and it lends up to 75% loan to value (LTV).
Earlier this year, HREF announced it provided £50m worth of loans over a four-month period.
The ASTL now has 45 lender members and 44 associate members.
Vic Jannels, CEO of the ASTL, said: “I’m 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.
“At the ASTL, we continue to strive to raise the profile of our sector amongst customers, brokers and regulators – and every new member helps to increase our voice and our influence.”
ASTL ‘members operate to the highest possible standards’
Adrian Hogan, director at Hilco Real Estate Finance, said: “As we continue to grow our presence in the short-term mortgage lending market here in the UK, it’s 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. Membership requires a comprehensive audit to make certain that new members are committed to the organisation’s code of conduct, and we’re proud to count ourselves among its number.”
He added: “As well as working to ensure the industry delivers the best outcomes for customers, membership also gives us another opportunity to work with peers as we join forces to promote the values of the ASTL and support high professional standards within the sector.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
