Hilco secures £13m exit loan for residential developer in South London

Specialist bridge lender Hilco Real Estate Finance (HREF) has provided a £13m development exit loan to an experienced developer against 24 high quality apartments in Denmark Hill in the London Borough of Southwark.

Developed by Craftworks, an architect turned developer which has delivered many successful schemes over the last 25 years, the high spec apartments provide luxury accommodation and have been designed to outstanding architectural standards. The exterior of the building is visually-striking and the development also benefits from high sustainability credentials.

“Having supported a number of development exits over the last 12 months, we are continuing to see a high level of enquiries and are always keen to consider good quality schemes that simply need some more time to sell,” explains Sean Adams, managing director of HREF. “The Southwark development is a great example of this type of project – we believe the combination of an experienced developer and well-designed, luxurious apartments in a sought-after location will appeal to prospective occupiers.

“We would like to thank Daniel O’Neil at SPF Private clients for the great introduction, and our professional advisers Oliver Chivers at Montagu Evans, Tom Culverwell at Savills and Jaclyn Tang at Fieldfisher for their support.”

Hilco Real Estate Finance 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 with loan sizes ranging from £1m to £50m+.

Headquartered in London, HREF comprises a team of highly experienced finance professionals based across the UK. It is a fully integrated subsidiary of Hilco Global (Hilco), the multi-national financial services group with more than $3bn of assets under management. HREF builds on Hilco’s long established credentials as a lender, valuer and asset manager.