Hilco Real Estate Finance Joins the Ranks of the ASTL

The Association of Short-Term Lenders (ASTL) has welcomed a new member to its ranks: Hilco Real Estate Finance (HREF). This development is a significant milestone for the bridging and development lending sector, which continues to grow in importance and reputation.

About Hilco Real Estate Finance

HREF provides property finance solutions across various real estate sectors and capital structures. Their short-term loans cater to growth, acquisition opportunities, development exits, and refinancing exits, with loan sizes ranging from £1m to £50m+ and loan-to-values (LTVs) up to 75%.

Image: UK property market

The Significance of ASTL Membership

The ASTL now boasts 45 lender members and 44 associate members, solidifying its position as a leading authority in the sector. According to ASTL chief executive Vic Jannels, “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.”

Adrian Hogan, director at HREF, echoed this sentiment, stating that “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.” Hogan highlighted the importance of being part of an organization that operates to the highest possible standards, saying that being accepted into the ASTL is “a real stamp of approval.”

Image: Lenders and borrowers

The Impact on the Industry

This development is a clear indication of the sector’s growing influence and HREF’s commitment to the UK short-term mortgage lending market. As the ASTL continues to expand its membership, it’s likely that we’ll see increased collaboration and innovation in the industry.

Mortgage market trends

Conclusion

Hilco Real Estate Finance’s membership in the ASTL is a significant step forward for the bridging and development lending sector. As the sector continues to evolve, it’s essential for lenders to work together to establish high standards and promote best practices.